Trustpilot surges in stock market debut as tech companies flock to London

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Trustpilot's listing comes as Deliveroo prepares to go public in a hotly anticipated market debut that's expected to be London's biggest IPO in nearly a decade.

Meanwhile, London-based online pensions platform PensionBee on Monday announced plans to list in the U.K. capital. Money transfer app TransferWise and cybersecurity firm Darktrace are also expected to go public in London later this year.The flurry of tech listings will provide a much-needed boost to London's financial markets, amid fears that the city could lose ground to other European financial hubs like Amsterdam in the wake of Brexit.

It appeared to be enough to give Deliveroo the confidence to list in the U.K., as the company announced its London IPO plans a day after the report's recommendations were published. Deliveroo opted for a dual-class share structure which will gives its CEO, Will Shu, extra voting rights for three years.

"Several founders of companies who are potentially thinking of listing in Europe are now reconsidering those things for London," Saar, a former Deliveroo executive, added.The City of London also wants to become a destination for SPACs, or special purpose acquisition companies, which have become commonplace on Wall Street.

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