O2 IPO

Spanish-owned mobile operator O2 has been eyeing the stock market since 2016. Will 2020 be the year of the O2 IPO? Learn more about the expected listing and how to trade the company’s shares with IG.

Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 4am Saturday to 10pm Friday.

Contact us: 0800 195 3100

O2 IPO

Spanish-owned mobile operator O2 has been eyeing the stock market since 2016. Will 2020 be the year of the O2 IPO? Learn more about the expected listing and how to trade the company’s shares with IG.

Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 4am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Why trade the O2 IPO with IG?

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 spread bets or CFDs

Buy O2 stock

Invest in O2 with a share dealing account

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 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 or spread bets 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'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

What is a grey market and how does it work?

After the listing

You could trade O2 after the listing by speculating on its share price movements or investing in its shares.

With IG, you can:

Trade or invest in similar stocks today

If you want to get exposure to other companies in the mobile technology sector right now, you can choose between stocks such as Vodafone and BT.

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Prices above are subject to our website terms and conditions. Prices are indicative only.

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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.

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1Based on revenue excluding FX (published half-yearly financial statements, June 2019).

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.