Bulletin

LSE predicts revived wave of floats after market wobble

The London Stock Exchange expects more companies to revive their plans to float in the coming weeks, after a strong half-year for the market operator that produced a 15% rise in revenues. Chief executive Xavier Rolet said: 'The combination of the Scottish referendum and the market wobble a few weeks ago added a note of uncertainty that created for a number of issuers a valuation issue and made them postpone the deals. But [?] the pipeline remains very strong and I believe between now and the end of the year, early next year, we will see some of the larger cap firms coming back to the market.' Rolet added that the junior AIM market had continued to launch several IPOs each week during the year, which he hailed as 'part of the tech revolution that's happening in the UK'.

 

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