UK IPO resurgence builds after tough 2019

By Aidan Gregory
13 Feb 2020

The UK is leading the pack in Europe this year in terms of the volume of large IPOs. This is a boost for the London Stock Exchange after a torrid 2019 marred by political uncertainty.

Calisen Group, the UK operator of smart meters, priced the first major IPO in the region last week, raising £328m. Despite a dip shortly after listing, the stock closed 0.6% above its issue price on Thursday.

The other flotations are the spin-off of Ninety One, Investec’s asset ...

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