The announcement of twelve IPOs in the last week and a survey that finds more investors ploughing money into equity are tentative but definitively positive signs for the UK equity market.
Two of the dozen IPOs raised more than $1 billion: the $1.35 billion offering from Russian conglomerate Sistema and $1.4 billion float by US chemicals company Huntsman. And a $360 million IPO from Korean company Kumho Tire in London and Seoul was the biggest Korean listing for three years.
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