Initial Public Offerings (IPOs) on the London Stock Exchange Group (LSE.L) reached a record level in 2013, with 105 new companies joining its markets and raising a total of GBP15.7bn in capital, the international exchange group announced on Tuesday.
According to the LSE the growth in IPOs is a clear indication that confidence is returning to the UK and global IPO market. The capital was raised through 43 Main Market listings and 62 AIM IPOs. Technology IPOs experienced the strongest year since 2007, with 36 firms raising GBP1bn.
The largest European IPO of the year was Royal Mail Group, which raised GBP1.7bn, while Tinkoff Credit Systems was the largest international IPO of the year raising GBP1.08bn. Other companies listed included Foxtons and Bon Marche, along with international companies such as Al Noor Hospitals and Stock Spirits Group. Also,14 private equity backed companies floated on London Stock Exchange markets in 2013, the most since 2007.
Xavier Rolet, CEO, London Stock Exchange Group, commented: “2013 has been an exciting and positive year for the IPO market. We have seen a very healthy mix of UK and international companies using the London market as a platform for future growth. London continues to be the world’s pre-eminent venue for international institutional investor capital and, high profile IPOs have helped reawaken the strong retail investor appetite for equity investment.”
London Stock Exchange Group was formed in 1801 and today operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe’s leading fixed income market; and the pan-European equities platform, Turquoise, providing access to capital markets in Europe for international business and investors. The group’s business operations also include post trade and risk management services and a range of real-time and reference data products. It is also a developer of high performance trading platforms and capital markets software. Headquartered in London, UK, the group also operates in Italy, France, North America and Sri Lanka, employing around 2,800 people.