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Shazam reveals IPO could be two years away

Sam Shead | Dec. 19, 2013
London-based start-up Shazam revealed today that it has no plans to list in the UK or the US for at least a year or two.

But not everyone is convinced that the incentives, which include the Future Fifty programme and the introduction of the High Growth Segment, are having an impact yet.

For example, TechMarketView chairman Richard Holway argued that the High Growth Segment has been unsuccessful so far. "If it had [been successful] we would be seeing some IPOs by now and those like Shazam and Sophos wouldn't be thinking NASDAQ," he said.

In reference to London flotations, former deputy chief executive of the Tech City Investment Organisation (TCIO), Benjamin Southworth, was quoted by CityAM earlier this month saying: "We're still probably 18 to 24 months away. We did hope that King would float in the UK, but that didn't go our way."


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