London IPOs Hit a 30-Year Low: Is the US Crypto Boom the Reason?

London’s once-prized IPO market has slumped to its weakest level in three decades, even as the US enjoys a resurgence powered by crypto and AI listings.

The contrast reflects a structural realignment in global capital flows, with new-economy sectors choosing New York over London as their preferred launch pad.

According to data reported by Barchart, London IPO fundraising in the first half (H1) of 2025 plunged to just £160 million (around $215 million) across five deals, marking the lowest since 1995.

London Has Fallen