World Business News

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Britain gripped by flotation fever

Zone(s): UK ¦ Sector(s): Finance
[8 June 2014, The Guardian] By Sean Farrell:  Britain is on track for a record year for flotations as companies press ahead with initial public offerings (IPOs) despite signs of investor fatigue. So far this year, 40 companies have raised £5.7bn after the market for new shares went into overdrive following years in the doldrums, figures supplied by Thomson Reuters show.

The total for 2014 so far easily outstrips the previous £4.9bn record for the same period in 2007 and the £2.9bn equivalent in 2006, which went on to be the all-time biggest year for flotations.

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