London’s IPO slump continues as firms raise £565.5m

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City AM

By Charlie Conchie Cash raised through initial public offerings in London plunged by more than seven times in the third quarter of the year as the Capital continues its barren run amid soaring inflation and market volatility. Eight firms raised just £565.5m in total in the third quarter – a sharp fall from the record £4bn raised in the same period last year – as markets remain spooked by the fallout of war in Ukraine and the threat of looming recession, according to the latest figures from big four firm EY. Six firms floated on London’s main market and raised £554.5m with Chinese firm Ming Yan…

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