IPO Eye Q3 2013

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A solid quarter builds on a strong year to date

The London IPO market continues to show strong signs of renewed health.

In traditionally quiet Q3, 16 IPOs took place, raising £601m. This was nearly three times the amount raised in Q3 2012, when eight IPOs raised £214m. Total funds raised in the year to date has reached £3bn, already double 2012’s total.

Main market – one float raised £390m (no floats in Q3 2012)

AIM: fifteen AIM admissions raised £211m, up from Q3 2012’s eight admissions which raised £214m

Globally, IPO activity slowed in Q3, producing approximately 200 deals with proceeds of around US$24.4bn.

The US continues to be a strong performer this year, and has already surpassed its 2012 IPO total. In Europe we have seen total funds raised in the year to date of £12.9bn, up 204% on the same period in 2012.

Meanwhile, in Asia, the on-going suspension of new listings on mainland China exchanges has affected IPO activity levels across the region.