Legal Business

Calm down, it’s just an IPO

IPO market set for best year since 2007

While corporate partners continue to protest about the lack of large mandates this year, when it comes to the IPO market, conditions are undoubtedly looking up – for now. The London Stock Exchange has had the best year to date for UK company floats since 2007, with nine flotations to date totalling $4.5bn (£2.86bn), according to Dealogic.

This time last year there had been just one float, raising $48m (£31m).

Stock market volatility remains an issue, with deal lawyers including Norton Rose Fulbright equity capital markets (ECM) partner Mark Lloyd Williams – who advised on the February float of house builder Crest Nicholson Holdings (£553m) – referring to conditions as ‘choppy’ and indicating that the position is kept under review from week to week.