Hope is growing that a possible stock market float from The African Export-Import Bank, a pan-African trade finance group known more commonly as Afreximbank, could serve as a last minute confidence boost for London’s ailing IPO market.
While the number of London listings has grown steadily leaner over the past two years, a distinct lack of political certainty ahead of October’s Brexit deadline has exacerbated the trend. Data from Big Four accounting giant EY shows that London has played host to just 24 IPOs during the first nine months of this year, raising a collective £4.8bn, half the number from the year before when 53 IPOs raised £5.2bn.
Finding a recognisable name among the short list also...
Start a 30-day free trial for unlimited access to Premium articles
- Unlimited access to Premium articles
- Subscriber-only events and experiences
- Cancel any time
Free for 30 days
then only £2 per week
Save 25% with an annual subscription
Just £75 per year