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London IPOs number reach six-year high, raising 26 bln USD

English.news.cn   2013-12-31 21:51:39            

LONDON, Dec. 31 (Xinhua) -- London Stock Exchange (LSE) saw 105 new companies to its markets, a record number since 2007, said LSE Group in a press release on Tuesday.

The total capital raised in 2013 was 15.7 billion pounds (or around 26 billion US dollar), through 43 Main Market initial public offerings (IPOs) and 62 AIM (Alternative Investment Market), or start-ups market, listings, said LSE.

Royal Mail Group, which listed on the Main Market on 11 Oct., registered the largest European IPO of the year, raising around 1.7 billion pounds. Thirty-six technology IPOs went public on LSE in 2013, raising more than 1 billion pounds, the highest number and value seen since 2007, data showed.

The year of 2013 saw "a clear sign that confidence is returning to the UK and global IPO market", highlighted LSE Group.

Xavier Rolet, Chief Executive Officer at LSE Group, commented that:" 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 preeminent venue for international institutional capital and, high profile IPOs have helped reawaken the strong retail investor appetite for equity investment."

The boom of AIM is confirmation that high growth companies, as well as their backers in the private equity and venture capital communities, are recognizing the exceptional power of equity in driving growth, added Rolet.

Editor: Hou Qiang
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