London’s IPO market dries up

London’s IPO market dries up – report ...News

Russia Today - Economy

The number of firms listing on the LSE is significantly down this year, KPMG research shows The volume of funds raised by companies listing in London has nosedived by more than 90% this year, according to a new report by global consultancy KPMG, which attributed the drop-off to weak economic growth forecasts. The data, which was published on Wednesday, shows that only 40 firms have floated on the London Stock Exchange’s main and alternative investment markets so far this year. That’s down from 123 last year, although it is up from 38 in pandemic-affected 2020, KPMG said. Total funds raised plunged from £14.3 billi

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