Why trade the O2 IPO with IG Bank?
Trade before the IPO
Get exposure to O2 before the listing by speculating on its predicted market cap
Speculate on O2
Buy or sell O2 shares with leveraged exposure using CFDs
How to trade the O2 IPO
There are two ways you could trade the O2 IPO – before or after the listing.
Before the listing
IG Bank may offer a ‘grey market’ ahead of the O2 IPO. If available, this will enable you to speculate on the company’s share price via CFDs before it lists. Our grey market price will be based on our prediction of O2’s market capitalisation at the end of the first trading day.
With IG Bank's grey market, you can:
- ‘Buy’ if you think the market cap will be higher than the price indicated
- ‘Sell’ if you think the market cap will be lower than the price indicated
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When is the O2 IPO?
The O2 IPO could happen in 2020, but no date has been confirmed. The company started talks about a listing in 2016, but decided to delay its plans due to uncertainty over Brexit. In 2018, plans for an IPO were discussed briefly once again, but put on hold after several other companies found their listings to be more difficult than anticipated. It is now expected that O2 will file for the listing after the UK formally leaves the EU.
O2 is likely to list on the London Stock Exchange (LSE). It was most recently valued at £10 billion (in 2018).
What is O2’s business model?
O2’s business model is centred on running a 2G, 3G and 4G mobile network, and operating a wi-fi service in the UK. It is part of the global telecommunications group Telefónica S.A, which operates in Europe and the Americas. It uses the Telefónica Group’s business model and applies it with consideration to the local market.
O2 is the UK’s leading mobile operator and employs nearly 7000 people. The company supports several sustainability, recycling and online safety initiatives, and it is also involved in a few high-profile sponsorships, such as that of the England rugby team.
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How do IPOs work?
IPOs happen when a company decides to list its shares on an exchange, such as the London Stock Exchange (LSE) and start selling them to the public. IPO is short for ‘initial public offering’.
You can learn more about IPOs in this video.
1Based on revenue excluding FX (published financial statements, October 2020).