Markets ‘to bounce back after post-Brexit slump’
Figures released by accountancy giant EY show that only six initial public offerings (IPO) took place in the third quarter, down from 13 in the previous quarter, but in line with the same period last year.
EY said the EU referendum “compounded the so far slow 2016 IPO market”, which saw only two listings on the UK’s main market, raising a total of £183.3million over the past three months.
The largest main market IPO was bowling alley operator Hollywood Bowl, completed during the final weeks of September. The other four IPOs saw companies list on London’s AIM market, raising a total of... read more