London Has Fallen?
Thoughts on UK losing financial capital status? Comp is like 30-40% lower than NY/HK and economy only set to worsen under Labour.
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this ranking doesn't include the 2bn canal groupe ipo which happened this week. would have put London near the top. whoever made this ranking strategically published it just before to make us look bad
Fair point, but 2bn would not move it near the top. That would requite at least 10-15bn of more IPO value.
if shein happened this year, London would have blown everyone out the water
Spend some time with your ECM colleagues instead of disparaging them on forums and you might learn something. The Canal+ listing was a spin-off, no new equity was raised as is done with an IPO so it does not count and is not accounted here.
Speaking more broadly:
1) IPOs aren't the only measure of financial market status, particularly in only one year.
2) I'm immensely bored by politics, but were there any policies you had in mind that Labour plan to implement to curtail banker comp? I'm far from a Labour supporter, and I don't love the budget (quite the opposite in fact), but I'm not worried about my own comp (i.e. wider market dynamics will play a far bigger role).
3) London was never "the capital" of financial markets, at least in my lifetime (and I suspect that of most users of this forum). NYC has been ahead for decades. HK has its own problems as a financial centre right now and seeing a big outflow, and elsewhere (Sydney, Spore, Dubai, etc.) are certainly growing, but are far smaller than London, and geographically remote.
4) A threat for the REGIONAL capital of financial markets does exist (e.g. Paris, Frankfurt, Milan). I have a hard time believing it given language, the longevity of London's legacy, and tax / quality of life factors. But that threat does exist for the second fiddle to NYC. It would, I think, take seeing a couple of the BBs setting up their regional HQ on the continent.
For now I think London is safe as regional financial capital of Europe and second globally to NYC. If there's a threat, it's from Paris & Friends for regional dominance.
The Middle East is eating London's breakfast.
No, just no.
This is a europe problem not just a London one
If the status of London as a financial capital was based on quantum of IPOs, it would've stopped being a financial capital years ago.
Comp has been that way for ages (and that data really only applies in the small leagues).
Nothing you're saying is new. London will remain a financial capital of the world.
The British economy and who is in govt really doesn't matter.
Based off the title, I thought the post was going to about it falling in the immigration/degeneracy/ethnic minorities/liberalism sense, away from the Old Guard of range rovers/barbours/signet rings.
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