20VC: Will Revolut and Monzo List in the UK | How Does London Compete Against the US To Win The Best UK IPOs | Are UK Public Companies Punished on Price for Listing in London | The Myths and the Reality of The London Stock Exchange with CEO, Julia Hoggett | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch | Podwise
20VC: Will Revolut and Monzo List in the UK | How Does London Compete Against the US To Win The Best UK IPOs | Are UK Public Companies Punished on Price for Listing in London | The Myths and the Reality of The London Stock Exchange with CEO, Julia Hoggett
This episode explores the challenges and opportunities facing the London Stock Exchange (LSE), particularly concerning its ability to attract and retain high-growth UK companies. Against the backdrop of a perceived preference for US listings among UK tech firms, LSE CEO Julia Hoggett argues that this perception is inaccurate, citing data showing poor performance of UK companies that have listed in the US. More significantly, she highlights the need for regulatory reform in the UK to incentivize domestic investment, including pension fund reforms to encourage investment in higher-risk assets. For instance, she discusses the "five fingers and a glove" reform agenda, focusing on improving listing rules, research quality, and pension fund structures. The discussion also touches upon the negative impact of stamp duty on UK stock investment and the need to shift from a "cheap is good" mentality in financial services to one that values quality and expertise. Ultimately, Hoggett emphasizes the need for a cultural shift in the UK to celebrate entrepreneurship and foster a more optimistic outlook on the country's economic potential, concluding that a vibrant domestic capital market is crucial for the long-term success of UK companies and the overall economy.
