The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Research shows IPO market recovered during 2004

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. In summary therefore, a total of 49 companies joined the UK's main market raising a combined £4,218 million. This represents a 52 percent rise in value and 88 percent increase in number on IPO activity in 2003.

The UK's Alternative Investment Market (AIM) enjoyed a record year with 226 IPOs raising a total of £2.6 billion. This is up from 66 IPOs raising £986 million in 2003 and makes 2004 the highest year by value and volume since the market's launch in 1995.

Neil Austin, Head of New Issues at KPMG Corporate Finance commented: ?It is encouraging to have seen a steady flow of new entrants throughout the year with a marked increase over 2003, although it has not been plain sailing.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree