Surge in flotations

Dec 30 2010 Huddersfield Daily Examiner

THE number of stock market flotations more than quadrupled in 2010 amid a revival for company listings, the London Stock Exchange has revealed.

More stable market conditions saw 89 initial public offerings on the LSE over the past year – up from just 22 last year.

The LSE said firms listing on the London market raised £10.1bn against £1.5bn the year before when recession hit investor appetite.

Firms joining the LSE this year, included online grocery delivery service Ocado, fashion group SuperGroup and Betfair, the world’s largest international online sports betting firm.