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

Written by Oliver Wade
09/04/2018

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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