A hot trading year London Stock Exchange Today, after successfully persuading more technology giants to list in New York City, the exchange’s capital markets revenue soared by nearly 10%.
The London Stock Exchange’s own stock price rose the most today, the FTSE 100 index rose 4% David Schwimmer It also reveals that the integration of financial data companies is progressing better than expected Refuge, It was acquired for US$27 billion in January.
Schwimmer below revealed that profits in the first half of this year more than doubled to 510 million pounds, and the profits of all divisions of the London Stock Exchange have improved.
This includes the capital markets sector, where revenue increased by 9.6%, after the sector’s activities previously recorded the largest number of new issuances since 2014.
LSE’s floating frenzy
The London Stock Exchange’s IPOs in the first six months of 2021 have increased five-fold year-on-year, including:
Sensible: The money transfer app was launched in July and has a market capitalization of £8.75 billion. Shares issued at 800p are now up 21% to 972p.
Dark line: Cybersecurity companies floated at 330p in April, and rose by 32% on the first day: They are now trading at 635.63p, which is almost twice or 92% higher.
Trust the navigator: The review site’s floating price for March was slightly more than £1 billion. The stock sold at 265p is now 392p, an increase of 48%.
Delivery: The stock initially fell by 30% at a price of 390p and continued to fall by 60p.
Moon pig: Launched at 350p, the stock price is now 374p, up 7%.
Companies that debuted include food delivery app Deliveroo, network security company Darktrace and microchip designer Alphawave IP. The London Stock Exchange pointed out that more than half of London’s IPOs come from the technology and Internet consumer sectors.
49 IPOs were completed in the first six months of 2021. Other prominent figures include Dr Martens, remittance group Wise, Moonpig and Made.com.
As London stepped up its efforts to counter Wall Street’s dominance of high-growth technology stocks, the British Chancellor of the Exchequer Rishi Sunak (Rishi Sunak) initiated a review and made a series of recommendations aimed at encouraging more entrepreneurs Leading listing.
Hargreaves Lansdown analyst Susannah Streeter said: “London may still dwarf the scale of new listings compared to New York, but it has indeed made steady progress in attracting larger brands.”
The London IPO market is currently in a calm summer, but with the multi-billion pound listing of the highly anticipated DNA sequencing company Oxford Nanopore, interest will soon resume.
Private equity firms have also promoted trading activities. Refinitiv revealed this week that in the first seven months of 2021, the total value of acquisition attempts involving British targets reached the highest in 14 years, close to US$217 billion.
The London Stock Exchange added Refinitiv to a major transaction of its own, but concerns about higher-than-expected integration costs panicked investors, and the stock price has fallen 20% since February.
Today they have risen from 280p to 7748p.
