January 14, 2024
The Times: The tech float cavalry that’s set to boost London’s stock market
The Times: The tech float cavalry that’s set to boost London’s stock market
Quantum Group was featured in The Times’ report about the tech and fintech companies set to boost London’s stock market through investment listings. The article, which featured in the print and online versions of the UK national newspaper, observed that London’s “ailing stock market” is set to receive a boost by tech companies, such as Quantum, looking towards a public float.
The article singled out Quantum’s hopes to “achieve a valuation in excess of £1 billion with a float in early 2025” on the London Stock Exchange (LSE).
The feature noted: “[Peter] Malmstrom said Quantum, which owns tech brands including B2B expenses management company Volopa, would aim to sell 10% of its shares on the LSE while also seeking a secondary listing elsewhere, perhaps in the US, Sweden or on a Middle Eastern exchange.”
Quantum’s announcement to float shares of the company on the London Stock Exchange coincides with the Financial Conduct Authority’s (FCA) proposal to reform London’s listings rules in order to create an environment that allows for a more “diverse range of companies to list and grow on UK markets, while promoting more investment opportunities for investors”.
“Thriving capital markets are the cornerstone of a strong economy and drive the sustainable growth that powers our economic ecosystem,” the FCA said on its website. “These are the most wide-ranging and consequential reforms to the UK’s capital markets in over three decades.”
The Quantum Group of companies currently includes FCA-regulated businesses Volopa, the expense management and FX platform; Verve, a frictionless cashback and rewards app solution; elite cyber security and crisis response firm Valkyrie; and luxury and fintech media agency, Vantage.
Find out more about Quantum’s portfolio of companies and dedicated leadership team here.
