UK IPO resurgence builds after tough 2019

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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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