28th Aug 2018 09:26
LONDON (Alliance News) - Equiniti Group PLC on Tuesday said it has already in 2018 helped raise cash on the London Stock Exchange level to the entirety of 2017.
The financial technology and share services firm said with four months left of 2018, and a "healthy" initial public offering pipeline, this year looks set to be a record one for London IPOs.
Capital raised on London's Main Market so far this year is on track to beat both 2016 and 2017.
Equiniti said it has been the registrar on 70% of all IPOs so far in 2018 in London. It said the London Main Market has attracted 70% of all new capital, with AIM and other LSE exchanges taking the rest.
Paul Matthews, Equiniti's chief executive for Boardroom business, said: "These figures show London continues to attract significant investor capital and that shows no sign of slowing as we head toward Brexit next year.
"We have already worked on more IPOs this year than last and with several more expected before the end of the year we could see the 2017 total for floats well beaten."
Equiniti shares were 0.6% higher on Tuesday morning at 222.72 pence each.
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