Avoid the upstart banks – wait for the real innovators to come to market

The City is used to handling the float of just about any kind of company. A Kazakh minerals miner? Just tick this box. Smartphone apps? Sign right here. The developer of
a wonder drug that has yet to go through any trials?

No problem. It takes them all in its stride, even if the underlying business is poorly understood. But in the next few months, it will see a series of floats of the one kind of business it does genuinely understand – banks.

Lloyds has lined up an initial public offering (IPO) of its former subsidiary TSB [...]



MoneyWeek magazine

Latest issue:

Magazine cover
Hard cash

What's next for gold and silver?

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking