London has significantly lost its position in the European market in terms of funds raised through IPOs. This year, London exchanges accounted for just 2% of the money raised in Europe as part of initial public offerings. Between 2012 and 2023, this proportion reached 31%.
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London’s share of the European IPO market has fallen to its lowest level in decades. Bloomberg writes about this.
Last year, the European IPO market amounted to $11.9 billion, of which only $238 million was raised on the London stock exchanges, or just 2%. In the period 2012-2023, this percentage reached 31%, says the agency.
One of the reasons that Bloomberg points out is the outflow of funds from British equity funds that has been observed in recent years. The agency also identifies among the reasons why companies receive higher valuations than in London in other foreign markets, which negatively affects the British IPO market.
Mainland China late last year became the world leader in terms of the volume of funds raised through IPOs: companies raised $45.3 billion. Companies that made their first public stock offering in the United States raised $24 billion.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
