Biffa, GoCompare and others will not follow Pure Gym in binning IPO plans
A series of high-profile London stock market flotations are set to go ahead in the coming weeks, despite Pure Gym abandoning its plans for an initial public offering (IPO) this month.
City PM understands waste disposal company Biffa remains confident of listing on the London Stock Exchange this month.
Read more: Pure Gym avoids overstretch as it pulls the plug on IPO plans
And Canadian online bingo company Intertain, soon to be renamed Jackpotjoy, is expected to float in the second half of this month.
Meanwhile, Esure today confirmed that its planned spin off of Gocompare.com is set to go ahead, with the comparison website expected to float on 3 November.
London’s biggest float of 2016 is also expected to take place in early November, with tech giant Misys expected to return to the market.
Read more: Deutsche Bank mulls IPO of asset management unit
Pure Gym confirmed this morning it has abandoned its flotation plans for this month, with board members anxious about launching a listing in the current market.
Chief executive Humphrey Cobbold said:
Given the challenging IPO market conditions, the board has decided not to proceed with a listing despite the strong interest shown by potential investors.