(Reuters) -Britain-based wealth management firm Picktan Capital said on Tuesday it is exploring the possibility of a public listing on the London Stock Exchange in 2026.
The company, which manages over $7 billion in assets and serves over 9,000 clients globally, is in active discussions with several major London-based investment banks, it said in a statement.
It did not disclose the names of the investment banks, but said multiple firms were “actively positioning themselves to lead the offering”.
Britain’s financial markets have been losing out to rivals on big initial public offerings, leading to sweeping reforms to make it more attractive for companies to list in London.
Analysts and investors are hoping that online fast-fashion retailer Shein’s much-awaited London listing and British payment firm Klarna’s New York IPO will unlock a pipeline of flotations in the UK after a barren period.
Picktan Capital said it has assembled an internal team to lead the IPO process and is also reviewing potential governance changes and operational adjustments required to meet public market standards, including enhanced disclosure protocols and board restructuring.
(Reporting by Yamini Kalia in Bengaluru; Editing by Shreya Biswas and Leroy Leo)
