In our seventeenth edition of the UK ECM update, we discuss 2024 and Q1 2025 market performance, identifying key trends and their implications for equity capital market activty.

A contribution from Brian Hanratty, Head of ECM at Peel Hunt provides insights into the UK IPO market's response to recent economic and regulatory shifts and considers what the next 12 months may look like for IPO activity.

We examine the factors driving the anticipated return of UK IPO activity and assess how private equity firms can optimise value in public market exits.

Furthermore, the update explores the evolving landscape of executive remuneration, focusing on how UK listed companies are adjusting pay structures to attract global talent while balancing governance, transparency, and effective incentivisation.

Finally, we take a look at the FCA's rule changes regarding significant transactions, outlining key considerations for directors navigating the new regulatory environment and their obligations concerning listing rules, disclosure, transparency, and market abuse regulation.