London Stock Exchange sees increase in retail IPO activity

  • Seven retail IPOs raise £2.1 billion so far this year
  • Jim McCarthy, CEO, Poundland opens London trading today
  • Strongest first three months of the year for overall IPO activity since 2007
  • Return of private-equity backed companies to the market

London Stock Exchange has welcomed seven new retail companies to its markets, raising £2.1 billion, in the first few months of the year - a clear sign that investor appetite for retail companies is strong.

The market has seen a diverse range of retail companies come to London, from well known domestic brands such as Poundland, Boohoo.com, Pets At Home, McColls and AO World, as well as international companies such as the Russian hypermarket chain, Lenta and the Indian online fashion retailer, Koovs.

The boost in retail listings this year has helped raise overall IPO activity to pre-2007 levels. Notably, the IPO market is providing viable exit opportunities for private equity and venture capital firms, with six private equity-backed listings on London’s markets year to date.

Key statistics:

  • Five retail Main Market IPOs raise £1.78 billion & two retail AIM IPOs raise £322 million
  • 70 retail companies currently listed on our markets – 23 AIM & 47 Main Market
  • Six private equity-backed IPOs to date in 2014

Alastair Walmsley, Head of Primary Markets, London Stock Exchange Group, said:

“The surge in retail IPO activity over the last few months can be attributed in part to a reawakening of investor appetite for equity. 2014 looks set to be a strong year for London’s equity market, with a healthy number of UK and international companies seeing the opportunity offered by our markets as a platform for their future growth. The strength of our pipeline underlines the power of equity to enable companies to achieve their strategic ambitions and we look forward to welcoming more high quality and well known businesses to our markets in the coming months.”

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For further information:

Media:
Alexandra Ritterman +44 (0)20 7797 1222
newsroom@lseg.com

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.   Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com