Oaktree Selects Investment Banks for Utmost’s London IPO, Targeting Late 2026 Debut

Oaktree Capital Management has engaged a consortium of banks to lead the initial public offering of Utmost, a UK-based fintech firm, with plans for a listing on the London Stock Exchange by late 2026. The move marks a key step in the company’s growth strategy amid increased activity in the UK’s tech IPO pipeline.

Oaktree Capital Management has initiated the formal process for Utmost’s debut on the London Stock Exchange, appointing a group of global investment banks to serve as lead arrangers for the company’s upcoming IPO. The deal, which is expected to raise approximately £850 million, represents one of the largest tech-focused IPOs in the UK this year. Utmost, a provider of AI-driven financial risk analytics, has been expanding rapidly across Europe and North America, with revenue growth of 42% year-over-year in 2025. The IPO is expected to value Utmost at a pre-money equity of £4.3 billion, reflecting investor interest in high-growth fintech platforms with scalable infrastructure. The London Stock Exchange’s FTSE 100 index, currently trading at 8,120 points (as of March 2, 2026), is likely to see modest upward pressure from the listing, especially given the strong performance of the UKX.L index, which has risen 11.4% year-to-date. Utmost’s stock, expected to trade under the ticker symbol UTMOST.L, is anticipated to attract both institutional and retail investors seeking exposure to digital finance innovation. The selection of banks—including Goldman Sachs, JPMorgan Chase, and Barclays—signals confidence in the IPO’s structure and timing. These firms will manage bookbuilding, pricing, and regulatory filings, with the final offering expected to launch in October 2026. The move follows a broader resurgence in UK IPO activity, with six tech-related listings in the first quarter of 2026, up from two in the same period last year.