Technology industry initial public offerings (IPOs) raised £6.6 billion in 2021 in the UK, according to data from the London Stock Exchange (LSE).

This is more than double 2020’s total of £3.1 billion according to the exchange’s figures.

The LSE’s data said 126 companies listed in the UK in 2021, with tech companies making up 29 per cent of these listings.

The 37 UK tech IPOs recorded in 2021 compare with just eight in 2020.

Large UK headquartered companies making an IPO in 2021 included Deliveroo, Moonpig, and Trustpilot.

London also attracted interactionally-based companies for listings, such as Denmark’s Trustpilot, Canada’s AlphawaveIP and the US’s Devolver Digital.

The news comes as the UK continues to produce more highly valuable tech companies.

In the first half of 2021, the UK saw seven new $10 billion+ tech businesses established according to research from Tech Nation.

This meant the UK has more than doubled the number of its companies valued at over $10 billion, also known as decacorns, ranking it third in the world according to the company network’s research.

The surge in IPOs follows Lord Hill’s UK Listings Review in March 2021, which proposed greater rights for founders undertaking public listings and the introduction of dual class share structures.

“2021 was a brilliant year for UK tech and it’s great to see just how many companies have grown from start-up to scale-up, to finally becoming publicly-listed businesses on the London markets,” said digital minister Chris Philp. “Global investors hold London’s capital markets in high esteem and as we implement clear governance around innovative fast-growth companies, including rules around AI and data, we believe even more companies will appreciate the advantages that listing in London can give them.”

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