From the shopping cart to the price list London the step can be surprisingly short. NewPrinces Group, formerly Newlat Food and now controlled by the Mastrolia family, is preparing for its debut on London Stock Exchange.
The Italian agri-food group, already listed on Piazza Affari, has hit the headlines in recent weeks for Carrefour Italia's surprise purchase. According to Sunday Times, the company is reportedly sounding out investors for aIPO expected in autumn, with an estimated rating of at least 700 million poundsHeadquartered in Reggio Emilia, NewPrinces controls Centrale del Latte d'Italia and owns historic brands in Italy such as Polenghi, Delverde, and Plasmon. In Great Britain, it is known for consumer brands such as Princes Tuna, Crisp 'n Dry, and Napolina.
The deal could also mark the reopening of the London market to new quotes, at a time when several companies are considering following the same path.
New Princes ready to launch a flurry of IPOs in London?
NewPrinces' potential arrival in London comes amid turbulent activity on the British capital market. Shawbrook, a bank owned by the BC Partners and Pollen Street funds, is aiming for a listing in the second half of the year with a valued at up to £2 billion, according to Financial Times.
Meanwhile, fintech ZilchKlarna's competitor, remains confident in its plans for a London listing. Speaking at an Innovate Finance summit in October 2024, CEO Philip Belamant said: “We are a British company. We were born here, we are headquartered here, we will double our headcount—we are hiring more than 400 people in the next eighteen months in the UK—and our customer base is here today. So we think it would be fantastic for companies to list here. We believe it's the right thing to do.”
At the beginning of the year, fintech Monzo has been at the center of intense market rumors about an IPO, after Sky News reported that the bank was close to engaging investors and investment banks to lead a public listing worth over 6 billion pounds. However, the board and CEO Ts Anil are reportedly divided on whether to proceed with a public flotation. London or look overseas towards Wall Street.
