Amid continued concern about the future health of the UK market, the FTSE All-Share index has had a decent year, gaining more than 10 per cent so far. Some changes to the index may be on the way, too – albeit not via the most high-profile candidates.
Analysts think Unilever’s potential ice cream spin-off, for instance, would likely be a Dutch affair. Then there’s the potential IPOs of fast fashion seller Shein and more notably French broadcast giant Canal+. The latter might even prove a serendipitous arrival if rumours this week of takeover interest in ITV prove correct.
Yet, as it stands, listing rules mean neither business will qualify for the FTSE indices. So actual entrants will be less high profile: those that could soon qualify for entry as a result of the FCA overhauling its listing rules. They are mainly mid-caps, such as Oxford Nanopore and Deliveroo, and perhaps one large-cap in the form of Wise.