Member Article

London flotations raise £14.8 billion in spite of market turmoil

Companies listing in London raised £14.8 billion in the first 11 months of 2014 despite economic instability and ongoing market turmoil.

The London Stock Exchange reported that the number of businesses going public rose by 38% across its exchanges, which also include Borsa Italiana

In total, £41 billion was raised on all the group’s markets with trading in stocks up by 12% in the UK.

High-profile flotations this year include takeaway service Virgin Money, Jimmy Choo and Poundland.

LSE chief executive Xavier Rolet said: “The group has made good progress this year,

“We are also pleased to have recently completed the acquisition of Frank Russell Company and work is already well under way to integrate the Russell and FTSE indices operations to deliver significant cost and revenue benefits,” Rolet added.

This was posted in Bdaily's Members' News section by Ellen Forster .