London was the busiest market for flotations in the third quarter of 2017, with a total of 30 public listings of companies.
The latest data, which analyses floats across Europe, the Middle East, India and Africa, showed that London’s continued presence as a “global financial hub” was reaffirmed by 16 new IPOs in the financial sector, which dominated the listings in the three months to the end of September.
On the main stock market, fourteen initial public offerings (IPOs) raised £2 billion on the main stock market during the previous quarter.
16 admissions on Alternative Investment Market (AIM) raised £916 million, according to the report, which said the “pipeline is looking strong for AIM and small Main Market listings, both areas that have been largely affected by events in the wider economy.”
Whilst the “quality of the FTSE performance against the low value of the pound” has enhanced investor interest, the report does speculate that until the pound stabilises and there is more certainty surrounding Brexit and the terms of UK’s withdrawal from the EU, the UK IPO market is unlikely to see a full recovery.
It went on to say however that “London was set to mirror global IPO activity, which in 2017 is on course to be the busiest year since 2007.”
At Beavis Morgan, we provide specialised services to a range of business sectors including acting as the reporting accountant on IPOs and leading financial due diligence teams reporting to private equity houses, banks and corporate entities.
We too are entrepreneurs and have done deals as principals and as advisers to clients. Our strong corporate finance and advisory offering, as well as our understanding of priorities for all stakeholders in the often-challenging sale process, positions us well to assist in both the buying and selling of businesses.
For further information about how we can help you achieve your business ambitions, contact Paul Ashton or your usual Beavis Morgan Partner.
