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Does Afreximbank's float signal better times for London's sluggish IPO market?

Pedestrians cross a bridge in the middle of the City of London
A Brexit cloud still hangs over the UK IPO market, despite news of a potential billion pound float

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...

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