Share

Major listings boost LSE

London - Funding for initial public offerings on the London Stock Exchange (LSE) soared by nearly 600%  in 2010 compared with the previous year, it said on Wednesday.

The IPOs, including from India's Essar Energy and African Barrick Gold, raised a total of £10.1bn. That compared with just £1.5bn in 2009, the LSE said.

"The total money raised by IPOs during the year reached £10.1bn, a 573% increase on 2009, with the number of IPOs joining the Exchange's markets more than quadrupling" to 89 from 22, the LSE added.

The Exchange runs a number of equity markets in the British capital including the benchmark FTSE 100 index.

"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," said Tracey Pierce, a director at the LSE.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.88
+0.3%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.32
+0.2%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders