Four IPOs in one day raise over £900 million
The London Stock Exchange today welcomed four new companies to its Main Market. Between them, the IPOs of African Barrick Gold, Metric Property Investments, SuperGroup and CPP Group have raised over £900 million.
Tracey Pierce, Head of Equity Primary Markets, London Stock Exchange Group, said: "I am delighted to welcome four companies to our Main Market in just one day, indicative of the strength of our UK and international IPO pipeline. Today's listings, including an African gold producer and a UK fashion retailer, highlight how companies from both home and abroad are keen to tap into London's deep pool of equity capital to help them continue to develop and grow their businesses.
"Our pipeline of new companies looking to come to market is strong, with firms from a broad range of countries and sectors looking to list alongside their global peers in London. We are confident that more firms will seek to take advantage of the profile and access to capital that a London listing offers."
African Barrick Gold joined the Main Market on 24 March, raising £581 million, the largest IPO in London since 2008
Metric Property Investments, a UK-incorporated specialist retail property investment company, joined the Main Market as a Real Estate Investment Trust ["REIT"] on 24 March, raising gross proceeds of £175 million
SuperGroup admitted to the Main Market on 24 March, raising £125 million
CPP Group, an international life assistance business joined the Main Market on 24 March, with a total offer size of £150 million
Promethean World, a Blackburn-based interactive learning technology provider, joined the Main Market on 17 March, raising £114 million
Digital Barriers, a digital security and surveillance firm joined AIM on 4 March, raising £20 million
Equatorial Palm Oil, a West African crude palm oil producer, joined AIM on 26 February, raising £6.5 million
Kea Petroleum, a New Zealand-focused oil and gas exploration company, joined AIM on 15 February, raising £6 million.