FTSE 100 in Focus as London Market Reforms Aim to Spark IPO Revival, Says deVere

Sweeping reforms to UK capital markets could help revive London’s listings pipeline and strengthen the foundations of the FTSE 100, according to new analysis from deVere Group.

The overhaul, unveiled this month, is designed to reverse years of dwindling public market activity and improve London’s competitiveness against global exchanges.

London has suffered a prolonged slump, with only nine companies listing in the past year and IPO fundraising falling to a 30-year low in 2025.

The number of publicly traded firms in London has declined by around 25% over the past decade, raising concerns about market depth, liquidity, and the long-term appeal of the FTSE 100 and the City as a venue for international capital.

James Green, regional director at deVere Group, said the latest reforms signal a meaningful shift. “London is finally sending a signal that it wants to compete again,” he said, noting longstanding complaints from companies about lower valuations, thinner liquidity and heavier regulation.

The new Public Offers and Admissions to Trading regime replaces EU-era prospectus rules and is intended to cut costs, streamline fundraising and accelerate deal execution.

Regulators estimate companies could save tens of millions of pounds annually. Green said the changes “move the needle” by reducing friction for firms considering listings or follow-on capital raises.

He added that London’s renewed push to attract high-growth firms, spanning AI, tech, life sciences and clean energy, could support market depth over time.

While he cautioned that an immediate surge in IPOs is unlikely, Green said the reforms mark “a turning point in sentiment” and could help rebuild confidence in London's long-term role as a global capital hub.