The IPO market is still dead, according to KPMG
In the first six months of the year, only six trading companies joined the main market, raising a total of #5.1bn – dominated by the Orange listing for #4bn. Last year, 28 companies had floated in the first half. KPMG’s head of new issues Neil Austin said: ‘As long as we see profit warnings and general economic uncertainty, the markets are unlikely to budge.’
The full survey can be found at www.kpmg.co.uk.