The UK IPO regime - developing market practice under the "new" rules

It has been two and a half years since the Financial Conduct Authority (FCA) introduced several changes to the UK Main Market IPO Regime. As we look forward to a potential spate of IPOs in 2021, it is a good time to reflect on the impact of those changes on the IPO process and whether we can start to talk about market practice being established. We reflect on market activity since 2018 and review current market practice in our full update.