The summer of hell for IPOs

IPOs started the year with great promise, but have fizzled on high profile disappointments and the refusal of tech unicorns to go public.

FCA takes action against pre-flotation trickery – at last

FCA Logo

What sheltered lives they’ve been leading at the Financial Conduct Authority (FCA). For about two decades now, anybody who follows the flotation, or initial public offering (IPO), scene in London has known the process of bringing a company to the stock market is riddled with obfuscation and conflicts of interest.

Is Snapchat the new Facebook?


Snapchat hopes its planned flotation in New York will value the five-year-old photo-sharing app company at up to $25bn (£20bn) and turn its 26-year-old founder, Evan Spiegel, into the world’s youngest billionaire with a $5.5bn fortune.