July 5, 2021, | AtoZ Markets- London Stock Exchange led the first half of the year in IPO operations, marking a new record of 49 IPOs with more than £ 27 billion in share capital.
In the six-month period, London’s markets have connected increasing numbers of businesses from around the world. The LSE raised 55% more equity capital than its nearest European rival and is one of the world’s four most active exchanges.
Equally, London Stock Exchange continues to serve companies in its home market. After the IPO of Calnex in late 2020, there have been three further IPOs of Scottish companies in 2021 – AMTE Power, Parsley Box, and The Artisanal Spirits Company – and of two founder-led businesses from the North West – In The Style and musicMagpie.
London’s tech momentum continues to build; there were 23 tech and consumer internet IPOs in the first half of 2021 with a combined market cap of £8bn+ and tech and consumer internet companies accounted for 50%+ of IPO capital raised.
Capital raising in the fund sector has remained active with £1.2bn in IPO capital raised by five issuers, all within the alternative assets space including in digital infrastructure, energy infrastructure and shipping.
Existing funds have returned to the market, raising over £3bn YTD, an increase of over 220% compared to the same period in 2020.
Stocks Continue to Play a Leading Role
LSE has welcomed issuers from the US, Canada, Israel, Russia, Australia and the EU. These have included Denmark’s first unicorn Trustpilot; Russia’s largest variety retailer Fix Price; Seattle-based video games publisher tinyBuild, which became the largest US company by market capitalisation to list on AIM and Canadian connectivity solutions provider Alphawave, the largest admission of a North American company in London Stock Exchange history. As it stands, more than one in three (38%) of issuers on London Stock Exchange are international.
Also, the STOXX index of 600 leading European companies was 0.2% higher, reversing earlier losses after data showed euro zone businesses expanded activity at the fastest rate in 15 years in June.
Meanwhile, French shares were flat as Health Minister Olivier Veran warned France could be heading for a fourth wave of the pandemic due to the highly transmissible Delta variant.
In addition, COVID-19 angst also weighed on Japan shares. The Nikkei fell 0.6% to a two-week low following a surge in infections in Tokyo, just weeks before the city hosts the Olympics.
Have you traded stocks this year? How did you do with them?