BusinessCorporate FinanceKPMG reveals mixed bag for London stockmarkets

KPMG reveals mixed bag for London stockmarkets

Both good and bad signs for corporate finance market and stock exchange

Companies listing on the main London market raised £3.8bn in first quarter of
2007, compared to £3.5bn in same period last year, according to research by
KPMG.

On the downside, research by
KPMG’s capital markets
group
found that the number of IPO’s on AIM had fallen – on the positive
front, there remained strong demand to list from overseas companies.

According to the study just 10 firms sought a listing on the main market in
the first quarter of 2007 compared with 22 companies in the first quarter of
2006. While this shows a fall in the number of companies listing, the figures
also show the average deal value has approximately doubled compared to those in
the same period last year.

Linda Main, transaction services partner in KPMG’s capital markets group
said: ‘London remains the city of choice for the world’s most ambitious
companies. Although the overall number of IPO’s is down on last year, the value
of those that came onto the market has soared with the funds raised doubling on
average compared to last year.’

Further reading:

Unlisteds fret over share accounting

LSE rubbishes AIM tax fears

London’s IPO fundraising outstrips New York’s by 50%

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