News

London’s listings market gets revival

According to the Telegraph, the conservative general election victory has reinvigorated London’s listings market sufficiently to beat expectations for the previous quarter.

The amount raised from new share listings on London’s main stock market this year is more than four times that in the same period in 2012, according to London Stock Exchange (LSE.L) data. British companies alone have raised more than 1.5 billion pounds[1].

And the shares of most of the companies that listed this year have performed strongly.

In the main market eight companies, including challenger bank Shawbrook and webuyanycar owner BCA Marketplace, raised funds of £2.6bn. Half of the listings in the quarter were overseas issuers such as Egyptian medical company Integrated Diagnostics Holdings and US healthcare group PureTech Health.

London’s junior market also recovered from its quiet opening to the year, producing 12 floats including Marshall Motors and Irish service station group Applegreen. The Aim revival saw those companies listing raise a total £340m of funds[2].

[1] Kylie Maclellan, “London new share listings revival driven by rising markets”, uk.reuters.com
[2] Ashley Armstrong, “Conservative victory revives London listing market”, www.telegraph.co.uk