Funding for initial public offerings on the London Stock Exchange soared more than 500 percent in 2010 compared with the previous year, it said in a statement on Wednesday. The IPOs, including from India's Essar Energy and African Barrick Gold, raised a total of 10.1 billion pounds (11.8 billion euros, 15.5 billion dollars).
"IPO fundraising on the London Stock Exchange rose by more than 500 percent in 2010, as 89 companies from across the globe raised over 10 billion pounds," said Tracey Pierce, a director at the London Stock Exchange Group which runs a number of equity markets in the British capital including the key FTSE 100.
"We have seen a rejuvenation in the IPO market during 2010. Whilst last year our markets supported a significant amount of fundraising through further issues, 2010 injected some very positive signs of life into the new issues market, including a number of major wins for London," she added.
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