Tech IPO Listing Navigator Quantexa Archetype

Dual-venue financial decision engine: London Stock Exchange (LSE) vs NASDAQ / NYSE

Scaleup Archetypes:

Scaleup Financial Profile

ARR ($M)$125M

YoY ARR Growth (%)32%

Net Retention Rate (%)118%

Target Primary Raise ($M)$175M

Market Valuation Multiples

UK / LSE Revenue Multiple6.4x

US / NASDAQ Multiple9.2x

Issuance & Friction Inputs

UK Syndicate Spread3.75%

US Syndicate Spread6.75%

UK Venue

LSE Main Market

FTSE 250 Pipeline

Valuation (Post-Money) $800M

Net IPO Proceeds $163.4M

5-Yr Public Drag $12.5M

Daily Velocity 0.42% float/day

US Venue

NASDAQ Global Select

Russell 2000 / Tech Index

Valuation (Post-Money) $1,150M

Net IPO Proceeds $154.2M

5-Yr Public Drag $34.0M

Daily Velocity 1.85% float/day

Factor Dimension	London Stock Exchange (LSE)	NASDAQ / NYSE (US)	Advantage / Trade-Off
Tech Specialist Fund Breadth	£45B dedicated tech AUM	$320B dedicated tech AUM	US +7.1x Capital Depth
Analyst Initiations (Yr 1)	3 - 5 Broker analysts	8 - 14 Wall St banks	US Coverage Depth
Secondary Trading Turnover	0.42% float daily	1.85% float daily	US 4.4x Liquidity
Litigation Exposure & D&O	English Rule (loser pays), low risk	Rule 10b-5 class actions, 4x D&O cost	UK Risk Defense
Founder Control / Dual Class	FCA UK Listing Rules reform (3-yr sunset)	Flexible multi-class voting structures	US Governance Flexibility

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