The London Stock Exchange raised 15 billion pounds from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years.
Money raised from the exchange’s listings was up 164 percent compared to 5.7 billion pounds in 2016.
It added that 20 North American companies chose London for their listing, including Dallas-based oil and gas company Kosmos Energy.
London has seen a pick-up in listings this year after uncertainty around Britain’s future outside of the EU single market dampened investor confidence and caused a number of initial public offerings (IPO) to be postponed or cancelled.
Some analysts noted that despite the debates about Brexit, London is highly global, deep and liquid capital markets continue to be the ideal partner for funding the world’s growth. It is particularly significant to notice that the number of international listings in London is up too, with North American listings up nearly seven-fold on last year.
The listing of 35 investment companies drove total IPOs value higher, with 5 billion pounds raised from vehicles including real estate investment trusts or special purpose acquisition firms, compared to just 644 million pounds the year before.
However, the average share performance of newly listed companies in 2017 was down 34 percent year on year.
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