- UK institutional investors show interest in fresh listings, but issuers are still hesitant.
- Investment bank Numis Corp Plc surveyed 200 investors, finding over 84% willing to meet IPO prospects.
- Only $7 million has been raised in London via listings in 2023, marking the worst quarter in two decades.
- Numis Co-CEO expects IPO activity to return in the second half of the year, but not before 2024 for a full return.
- Global market volatility and cracks in the banking system hinder IPO activity.
London IPOs Have Plenty of Takers for Once, But Few Issuers
Investors in the UK, notoriously hard to win over in recent months, are warming to the idea of putting money in fresh listings once again, according to a survey. But with issuers still eyeing the market with skepticism, there are few bargains to be had.
Swetha Gopinath
