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Food conglomerate prepares for a £700 million initial public offering in London

Funding sought by Princes Corporation for initial public offering, intending to separate its food division.

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Food conglomerate readies for £700 million stock exchange debut in London
Food conglomerate readies for £700 million stock exchange debut in London

Food conglomerate prepares for a £700 million initial public offering in London

The London Stock Exchange (LSE) is gearing up for a series of Initial Public Offerings (IPOs) in the coming year, with anticipation mounting around several companies, including Monzo, Shawbrook Bank, New Princes, and Zilch.

According to recent reports, Monzo, the digital bank, is confirmed among the upcoming IPOs in 2025 on the LSE. The company, which rebranded from Newlat to NewPrinces after acquiring the Princes food business from Mitsubishi for £700 million in 2024, is expected to benefit from recent regulatory and market reforms that are boosting London's appeal for tech firms. Monzo's board and CEO are reportedly considering a London listing valued at over £6bn, although no official announcement has been made.

The IPO market in London during the first half of 2025 has been the slowest in decades, with only a few listings raising moderate capital. However, optimism exists for a rebound in the second half of 2025, helped by reforms, pension funds, and renewed institutional interest. One of the biggest IPOs so far in 2025 was MHA plc on AIM, showing that some companies can still go public successfully despite uncertainties.

Shawbrook Bank, a specialist lender, is planning an IPO in the second-half of the year in London. The bank, which is owned by private equity firms BC Partners and Pollen Street, is expected to be valued at up to £2bn. However, no specific date for the IPO has been announced yet.

New Princes, an international food operations giant, is also planning a listing on the London Stock Exchange. The company, which makes Princes Tuna and produces Flora and Branston products, is already listed on the Milan Stock Exchange. The anticipated IPO would allow New Princes to split off its food arm.

Zilch, a British fintech, is another company considering a London listing. The Klarna-challenger, which is reportedly planning to double its UK staff and customer base, is optimistic about a London float, with a valuation of at least £700m. The listing is scheduled for Autumn, according to The Sunday Times.

In conclusion, while Monzo is the only clearly identified upcoming IPO on the London Stock Exchange at this time among the listed companies, New Princes, Shawbrook Bank, and Zilch are not confirmed for imminent IPOs according to the latest publicly available IPO market analyses and reports for 2025. The renewed confidence in London's IPO market, along with strategic reforms aimed at attracting more listings, especially in the tech and fintech sectors, bodes well for the future of the London Stock Exchange.

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