BusinessCompany NewsBumper year for IPOs

Bumper year for IPOs

There has been an IPO boom on the LSE during the last 12 months, according to new research 

The number of new issues on the London Stock Exchange has leapt to 409 in the
last 12 months, compared with just 250 in 2003, due to growing private investor
sentiment.

The research, undertaken by All IPO, found the collective amount raised by
companies floating rose to £13.4bn during the last year, from £7.5bn two years
previously.

March 2005 saw 62 companies listing, the highest number during a month since
January 1998.

‘Private investor appetite for IPOs has increased substantially over the last
couple of years. As the IPO market has strengthened so has the demand from this
sector,’ said Clem Chambers, chief executive of All IPO.

Companies operating in the financial sector produced the highest number of
IPOs during both periods, accounting for 31.2% in the first, rising to 39.4% in
the second.

However, the automobile sector saw no IPOs between November 2003 and October
2004.

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