London set to benefit from ‘the year of the IPO’ in 2018

Written by Oliver Wade

This year is set to be “the year of the IPO” and while London remains an attractive global hub for IPOs, despite Brexit concerns and trade wars, with a number of flotations already in the pipeline, according to J.P. Morgan head of equity capital for Europe, the Middle East and Africa Achintya Mangla.

Mangle further commented: “There is activity across all sectors and geographies. There is a good pipeline with sponsor exits, corporate carve-outs and family-owned businesses lining up to come to market.

“Companies and investors are seeking greater clarity in corporate structures with a focus on efficiency and better alignment of balance sheet and specific business profiles and ambitions. Carve-out IPOs have been very well received by the market.”

PWC reported that the London Stock Exchange remains the No. 1 stock exchange in Europe by volume, with 16 IPOs in London, raising £1.3bn, between January and March.

Commenting on the forecast for the rest of 2018, PWC capital markets director Lucy Tarleton said: “The outlook is promising and issuers continue to be attracted to the UK market with a number of cross-border IPOs set to launch in London.”

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