London Falls Out of Top 20 IPO Markets as Fundraising Slumps

London has dropped out of the world’s top 20 IPO destinations, marking one of its weakest years in decades. Companies listing in the UK have raised just $248 million so far in 2025, far behind the United States’ $53 billion. Analysts blame stricter pension rules, a shift of domestic savings into global funds, and declining local investment in equities.