According to the head of the largest producer of natural soda ash in the world, "London still works" as a location to list a company on the stock exchange.
We Soda has announced plans to list its shares in the UK, which could value the company at up to $71bn (£6bn).
After worries that it is falling behind international competitors, the move is seen as a boost for London's stock market.
We Soda might join the FTSE 100 index in what would be the biggest flotation the nation has seen so far this year.
EY Consulting estimates that the amount raised through share floatations in London decreased by 90% in 2017.
Building materials tycoon CRH announced earlier this year that its primary share listing would be transferred from the UK to the US. Despite claims that the UK government had pressured the British microchip designer to select London, Arm will list in the US.
Alasdair Warren, chief executive of We Soda, however, said on the BBC's Today program that the company had decided to locate in the UK because it believed the London market would "well understand our business.".
In addition to being used by businesses to create products like glass, We Soda's soda ash can be found in laundry detergent powder. electric vehicle batteries and solar panels.
In addition to producing soda ash, Mr. Warren claimed that the company also produced chemicals, "with many characteristics that are similar to a lot of the specialty chemicals companies that are listed in London.".
Shares listed in the UK, the US, or one of the European exchanges can be purchased by pension funds or individual investors.
However, the UK financial services sector, which still accounts for more than 10% of the country's overall economy and provides more than 10% of all taxes collected, benefits significantly from a UK listing.
Fees from UK listings support accountants, attorneys, financial PR agencies, and other professionals.
Government officials have taken notice of the exodus. It has been frantically working to try to make the UK a more appealing place for businesses to set up shop.
The biggest market for We Soda is Europe, where its headquarters are already located.
Since the company announced its flotation plans, "we've had almost 300 investors express interest," Mr. Warren continued, "with about half of them from the UK, but with the other half coming from other countries around the world, including a lot from the US and Europe.".
Consequently, he said, "I think that's an endorsement of the fact that London still works and we're very confident we'll get a good deal done.".
Owner of We Soda is Turgey Ciner's billionaire-controlled Ciner Group, a Turkish industrial conglomerate.
The Ciner Group's flotation aims to raise about $800 million, with some of the money going toward debt reduction.
The flotation, according to Susannah Streeter, head of money and markets at Hargreaves Lansdown, was a "ray of light" for the London market.
The still-volatile nature of the market sentiment, she continued, made it "unlikely to result in a flood of immediate listings."
