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London Stock Exchange Sees Europe’s Largest Ever eCommerce Listing

Date 16/09/2020

UK tech company THG opened London’s markets for trading today, celebrating their listing on London Stock Exchange’s Main Market. The global ecommerce technology platform raised £1.88 billion pre greenshoe, the market capitalisation at IPO was £5.4 billion.

The listing of THG is the largest ecommerce IPO in Europe to date and the second largest tech listing on London Stock Exchange to date:

  • Largest ecommerce listing in Europe, by capital raised, ahead of AO World (£487 million, February 2014) and Zalando (£411 million, October 2014)
  • Largest tech IPO in London based on market capitalisation of company at listing (£5.4 billion). Second largest tech IPO in London by capital raised (£1.88 billion), after Worldpay (£2.5 billion, October 2015)
  • Latest IPO from North of England-based tech companies in recent years, following companies such as Team 17, Sumo Digital and Blue Prism
  • Tech companies have now raised £4.9bn through IPOs and further capital in London so far this year
  • Tech is the 4th largest sector on London Stock Exchange, representing around 11% of the total market capitalisation of London-listed companies, almost quadrupling in size over the last 5 years
  • THG have chosen to list on the Standard Segment which provides European-equivalent listing standards for over 250 companies, a quarter of all the companies listed on Main Market

London Stock Exchange offers one of the deepest pools of capital globally and gives high-quality issuers, across all our markets, access to global institutional investors.