Markets looking for clear long term plans before IPO activity picks up

24 June 2016

  • Share

Scott McCubbin, EY’s UK IPO leader, comments: “IPO activity can be expected to largely cease in the next 12 months. Increased uncertainty about the impact that the vote to Leave the EU will have on listing legislation, as well as the expected devaluation of the pound, is likely to hold activity back. One area of increased activity, however, could be from US and EU private equity funds looking to acquire assets in the UK, particularly if there is an impact on business valuations and a lower pound. Markets will be looking for signs of clear long term plans before confidence returns and activity picks up.”