Research out today by KPMG’s Corporate Finance practice, shows the UK’s main Initial Public Offering (IPO) market made a solid recovery in 2004 with 17 trading company IPOs raising total funds of over £2,606 million. This compares to 8 trading company IPOs raising £2,431 million in 2003 (£1,226m of which was raised by Yell).
In 2004 additionally, 25 investment companies joined the UK IPO main market raising £1,612 million and 7 companies joined by way of an introduction.
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