Adviser cheer as City float boom builds momentum with a string of major IPOs

Retail IPO surge on back of increasing confidence

Capital markets partners attest to an end to the jitters that have until now dogged the initial public offerings (IPO) market, with retailers including Poundland, Pets at Home and AO World in recent weeks making their debut on the London Stock Exchange (LSE).

With the latest figures from Thomson Reuters showing that the value of LSE listings is up by 677% compared to this time last year, Pets at Home listed in mid-March at a value of £1.2bn, gifting Simpson Thacher & Bartlett, Clifford Chance (CC) and Travers Smith with lead mandates.