All is not as it seems in the world of IPOs

What's behind the difficulties?

clock • 3 min read
Sarah Godfrey of Edison Investment Research
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Sarah Godfrey of Edison Investment Research

With the recent news from the Association of Investment Companies that fundraising in 2021 to date (both IPO and secondary) has already surpassed the previous records seen in 2019, investors – and indeed corporate brokers – might be forgiven for thinking that it is all beer and skittles in the world of investment companies right now.

But the headline data potentially masks a worrying trend; of the five most recent planned investment company IPOs, all but one have been withdrawn or delayed. The one that ‘got away' was Petershill Partners,...

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