News that Wise is delisting from the London Stock Exchange and moving to New York is a body blow to Reeves’ securonomics agenda and promises to re-boost the financial industry. It is not the only one…

Alongside today’s news there have been a high number of missed IPOs under Labour. Guido has totted them up for co-conspirators:

Wise , relocating to New York 5 June 2025. Value: £11.4 billion.

Cobalt , cancelled 4 June 2025. Value: £170 million.

Shein , relocated 28 May 2025. Value: £36.8 billion.

Ebury , postponed 17 April 2025. Value: £2 billion.

Verisure , disappeared 10 March 2025. Value: £16.8 billion.

Unilever Ice Cream , relocated (Amsterdam) 13 February 2025. Value: £37.8 billion

Klarna , relocated (New York) 13 November 2024. Value: £4.9 billion.

Revolut , favour

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