London Remains the Top IPO Destination for UK Tech Firms

Research from RSM UK suggests significant interest in the UK IPO market

Despite recent market uncertainty, new research shows that London is once again reclaiming its position as the preferred destination for UK technology companies looking to go public. A study conducted by RSM UK reveals renewed confidence in the UK tech ecosystem, with a growing number of firms turning their attention back to the London Stock Exchange.

UK Tech Firms Show Strong IPO Interest

According to RSM UK’s latest survey, 76% of British tech businesses are considering launching an initial public offering (IPO) within the next five years. This signals a positive shift after a muted period for public listings.

Even more striking is the choice of destination:

• 57% of companies planning an IPO prefer London — up from 53% last year

• Only 26% now favour the United States, a sharp drop from 47%

• 35% are considering Europe, down from 42%

These numbers highlight London’s strengthening appeal while global markets, especially the U.S., face increased uncertainty.

Why London Is Regaining Its Edge

Growing Confidence in UK Tech

Ben Bilsland, Partner and Head of Technology Industry at RSM UK, notes that business leaders are showing “clear signs of improving confidence” in the UK tech landscape. This renewed optimism is now translating into IPO exploration.

Reduced Appeal of U.S. Listings

Traditionally, UK tech firms looked to the U.S. for access to deeper capital pools. However, factors such as:

• Instability in U.S. government policy

• Concerns over sky-high AI stock valuations

• Fears of a potential AI bubble and future correction

are pushing companies to reconsider the risks associated with American markets.

Regulatory Improvements in the UK

Recent updates to UK listing regulations have streamlined the process and reduced costs, making London more attractive than before. These reforms aim to boost London’s competitiveness on the global stage.

Market optimism continues to grow

Additional research from RSM UK earlier this month revealed that 76% of British tech businesses expect growth under the current administration, further signaling a positive outlook for the industry.

Diane Craig, Partner and Head of Capital Markets at RSM UK, adds that London’s broad investor base and international diversity make it an appealing market for tech companies. Successful recent listings — including the Beauty Tech Group IPO advised by RSM UK — are also helping strengthen confidence.

The Bottom Line: London Is Back in Focus

While both the UK and US markets offer unique advantages, the tide appears to be shifting. With improved regulatory structures, a growing investor base, and increased confidence across the sector, London is becoming the preferred launchpad for UK tech IPOs once again.

As market conditions evolve, each business will need to weigh its own priorities — but for now, London is firmly back on the IPO map.