Overview

• DG Innovate, a Wales-based developer of sodium-ion batteries for electric vehicles, announced plans to delist from the London Stock Exchange by January 31, 2025.
• The company criticized the lack of demand from UK institutional investors and the regulatory burdens of being publicly listed as major obstacles to its growth.
• Shares of DG Innovate fell by 75% after the announcement, reducing its valuation from £12 million to £2.8 million.
• DG Innovate plans to offer a private trading mechanism for existing shareholders after delisting and is in discussions with potential private investors.
• The move highlights broader challenges for the London market, which has seen declining support for smaller firms and increased competition from other global financial hubs.