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London s IPOs still higher than European peers despite COVID-19 and Brexit
Kumutha Ramanathan
LONDON, UNITED KINGDOM - 2020/12/15: General view of the City of London skyline. (Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images)
London’s initial public offering (IPO) market proved to be resilient in 2020 despite the threats of Brexit and COVID-19, allowing it to beat out its European peers, according to a PwC report released on Thursday.
The London Stock Exchange was the most active market with £5.5bn (€6.1bn, $7.55bn) raised in the year to 9 December 2020 compared to £5.9bn in 2019. The listings were mostly made up of financials and industrials, raising around 95% of the total this year. While London’s IPOs values are slightly down compared to 2019, some are due to be completed in the last weeks of December, which will push the figure higher. ....

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