London IPOs drop to just five in Q3 2023

Proceeds down 36%

Cristian Angeloni
clock • 3 min read

Just five companies floated on the London stock market in the third quarter of the year, down from eight in Q3 2022, according to data from EY.

The firm said the drop was largely due to challenging market conditions dampening IPO activity. Over the quarter, proceeds also fell by 36%, with issuers raising around £359.8m compared with £565.5m in Q3 2022. Between January and September this year, 23 companies listed in the UK raising £953m, down from 34 IPOs raising £1.1bn over the same time period last year. Of the five IPOs in Q3 2023, two listed on the main market, raising £346.5m in total, while the Alternative Investment Market had three admissions raising £13.3m. The largest IPO of the quarter was CAB Payments, which rai...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Impax AM on acquisition trail as AUM steadies

Impax AM on acquisition trail as AUM steadies

Fixed income and private markets

Beth Brearley
clock 28 November 2024 • 2 min read
Shares in Direct Line rise by over 40% following rejection of £3.3bn Aviva bid

Shares in Direct Line rise by over 40% following rejection of £3.3bn Aviva bid

Offer 'highly opportunistic'

Sorin Dojan
clock 28 November 2024 • 2 min read
BlackRock to strike deal for private credit manager HPS - reports

BlackRock to strike deal for private credit manager HPS - reports

Amid M&A spree

Linus Uhlig
clock 28 November 2024 • 1 min read
Trustpilot