Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the participation of the UK's software and technology sectors in initial public offerings and the implications of this for the UK's fintech ecosystem.

The government has delivered an ambitious programme of reforms to make it easier for all firms, including fintechs, to list and raise capital on UK markets. This includes overhauling the Prospectus Regime and Listing Rules, providing more flexibility to firms and founders raising capital on UK markets.

At Mansion House, the Chancellor also announced the formation of a Listings Taskforce, to support businesses to list and grow in the UK, and the Financial Services Growth and Competitiveness Strategy, which sets out a comprehensive package of reforms to maintain the UK’s global leadership in Fintech. Officials and ministers regularly engage with industry leaders on sector developments.

The Government does not usually comment on specific movements in financial markets.