Since the listing of Saga on the main market in May this year, 13 of the subsequent 15 IPOs did better than the FTSE 100 Index. John Hammond, head of equity capital markets at Deloitte, said: ?Some of the frothy pricing of the first quarter dissipated in the second quarter and, as a result, nearly all the IPOs that completed in the weeks before the summer holidays outperformed the market. ?Overall, to the end of August 2014, the 28 IPOs achieved an average return of 7.0 per cent, far outstripping the 1.5 per cent return on the FTSE 100. ?This points to a busy autumn for new IPO activity after only two new listings in July, and none in August. From our own pipeline, we anticipate a significant number of new listings, heralding a return to pre-summer levels. We are particularly watching the financial services and TMT sectors.? By Shan? Schutte
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.