IPOs in 2019—Main Market and AIM
IPOs in 2019—Main Market and AIM

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • IPOs in 2019—Main Market and AIM
  • Background and approach
  • Summary
  • Transaction volume—Main Market
  • Gross proceeds and market capitalisation—Main Market
  • Top three Main Market IPOs by market capitalisation
  • Top three Main Market IPOs by gross proceeds
  • Range of gross proceeds
  • Range of market capitalisation
  • Industry focus—Main Market
  • More...

Lexis®PSL Corporate and Market Tracker have conducted research to examine current market trends in respect of equity capital markets (ECM) transactions in 2019, using 2018 and 2017 ECM transactions for comparative purposes.

Background and approach

We reviewed a total of 233 IPOs (131 on the Main Market and 102 on AIM). The IPOs reviewed exclude introductions and transfers from AIM to the Main Market.

Market capitalisation has been calculated at the opening price on the day of admission. Where gross proceeds have been calculated, the figures refer to the gross proceeds received by the company and not proceeds raised by selling shareholders (if any). The percentages included in this report have been rounded up or down as appropriate and accordingly percentages may not in aggregate add up to 100%.

This review of 2019 IPOs forms part of our annual trend report which aims to provide insight into the current dynamics of ECM activity in the UK. The other parts of our 2019 trend report comprise:

  1. Secondary Offers in 2019—Main Market and AIM

  2. Standard listings in 2019

  3. Risk factor disclosure in 2019 IPOs

  4. Legal and regulatory developments in Equity Capital Markets 2019

Summary

IPO activity slowed substantially in 2019 as Brexit deadlines and geopolitical tensions suppressed investor appetite and created uncertainty for issuers considering an initial public offer of shares. Main Market IPO activity was substantially subdued compared to the year

Related documents:

Popular documents