City hopeful of IPO recovery, but figures highlight 2016 struggles
The City is feeling increasingly optimistic about the London flotation market, with Hollywood Bowl listing this week and other high-profile companies expected to follow.
But, with EU referendum and then Brexit vote uncertainty, 2016 has been a slow year.
Read more: Hollywood Bowl float set to kick off strong period for London IPO market
Dealogic figures for the year to 22 September show that 45 initial public offerings (IPOs) have launched, raising $3.9bn (£3bn).
This is down from 54 deals raising $9.5bn during the same period in 2015.
The report from Dealogic shows that the February flotation of Clydesdale and Yorkshire Bank (CYBG) has been the year’s biggest so far, raising $566m.
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Hopes are high for the last quarter of 2016. Doughnut maker Krispy Kreme is planning to float next month.
Waste management firm Biffa, Pure Gym and Go Compare all announced flotation plans earlier this month.
And the City is eagerly anticipating a £5.5bn float by technology company Misys, which would be the biggest of the year.