Plus500 said on Tuesday it has bought US broker-dealer Hedge and will launch a US-only super-app in the first quarter of 2027. City AM's columnist sees an echo of Wise's move to a New York primary listing, but also notes no sign yet that Plus500 plans one.
Reality
- Evidence58
- Adoption
- Insufficient
- Hype gap+25
- Incentives55
- Confidence62
Peel Hunt counts 42 live bids worth £74bn for London-listed firms, more than double the £35bn bid across 2025. Bid numbers are close to 2025's and the targets are larger, so the stronger evidence that London is emptying sits on the listing side.
Reality
- Evidence50
- Adoption
- Insufficient
- Hype gap+20
- Incentives
- Insufficient
- Confidence55
ChatGPT, Gemini and Perplexity recommended fintechs 1,345 times and banks 452 in 2,160 chats with researchers posing as small-business owners. Because the final prompt asked how to open an account, banks that still require a branch visit face a gap that tagging their websites may not close.
Reality
- Evidence55
- Adoption
- Insufficient
- Hype gap+30
- Incentives
- Insufficient
- Confidence50
Nik Storonsky called a London listing "just not rational" in 2024 over the 0.5% stamp duty that is still charged today, and he now tells Les Echos that Revolut, valued at $115bn, plans to list in London as well as on the Nasdaq.
Reality
- Evidence58
- Adoption28
- Hype gap+22
- Incentives68
- Confidence55
A $320 million Series H values the payments company at $11 billion on an autonomous-finance story. Its president says it is still "not the best time" for an IPO.
Reality
- Evidence42
- Adoption44
- Hype gap+34
- Incentives76
- Confidence55