London Set to Test if its IPO Market Reforms Can Deliver Results

Five years in the making, the City of London is set to find out if its equity market reforms can deliver results.

An outperformance of UK stocks, new listing rules taking effect and green shoots in its initial public offering pipeline are making prominent figures hopeful for a long-awaited market revival, but the sentiment shift still needs to be matched by results.

Success will depend on whether the UK capital can turn its pipeline of IPO candidates into traded companies, stem the steady leak of cash in its equity funds, and if its benchmark indexes can keep up with international ...