Boss Of UK Cyber-security Firm Darktrace Backs More London Tech Floats
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The boss of a British cyber-security firm has said not enough tech companies are listed in the UK - and she wants to be a ‘flag bearer' for those that do.
Poppy Gustafsson, chief executive of Darktrace, said she has no regrets about taking the company onto the Lond Share this article Share HOW THIS IS MONEY CAN HELP Online used car platform Cazoo and flying taxi firm Vertical are among UK-based companies that have chosen to list in New York over the last couple of years - and have seen their values fall sharply since making their debuts.
A planned stock market float for world-leading, Cambridge-based chip designer Arm, owned by Japan's Softbank conglomerate, has been delayed until next year amid lobbying from ministers for the initial public offering to take place in London.
Gustafsson told the Mail: ‘There's often a perception that your market cap would be bigger in the US than it would be in the UK,' adding: ‘I don't have any regrets. Would I love to see more of them [tech firms] listed in the UK?
'Yes I would because I see it all the time and so many brilliant companies do exist, but not quite making their way into the Stock Exchange. I do think if we can encourage more businesses to go that way, that can only be a good thing.'
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