UK IPO activity has fallen sharply in recent years as companies chose New York and other venues. The effect is that connected research can now be published simultaneously with the prospectus rather than a week after it. Removing the wait does not make a UK IPO instantaneous. With the seven-day research delay gone, those become the pacing constraints a UK float now works around. The waiting period gave outside analysts time to access management and publish their own view before the connected research landed.