Clearly it is almost impossible to predict the performance of markets with any certainty, but we can at least analyse the current mood music. Despite the current falls in share prices as a reaction to certain global macroeconomic fundamentals, good companies are able to come to listed markets, if priced at sensible valuations.The spring of 2015 includes a UK general election. Accordingly, it is likely that there may be a rush to market before the uncertainty of the UK general election on 7 May. An indecisive UK election result is unlikely to be welcomed by business and investors unless the political parties can swiftly agree a way forward, as was achieved in 2010. Of course, the other general election which is looming close on the horizon for UK equity markets, is that which will take place in Greece on 25 January 2015. There is a chance that, if the Greek electorate lurches in favour of the anti-austerity candidates, a process of Greek exit from the euro zone might ensue, the consequences of which for London’s markets remains unknown. Current Greek polls expect the anti-austerity Syriza to come out on top, but with a need to form a coalition. Accordingly, whilst worst fears might abate, the uncertainty and instability which has existed within the euro zone since before the bail-outs looks set to continue. Companies looking to raise money in the spring season will need to have their preparations well progressed, given the number of months the process of coming even to AIM, London Stock Exchange’s junior market takes. Trainline was out of the starting blocks in the first week back from the Christmas and new year break. In continuation of a theme from 2014, it is backed by private equity which is now seeing equity markets as the attractive route towards value realisation. Read more about floating a business:
- How to make an IPO on the London Stock Exchange in 10 steps
- Are the recent IPO successes a mark of change?
- Jack Ma’s Alibaba embarks on biggest tech IPO in history
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