Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

UK still Europe's top location for business fundraising, EY study shows

Apr 13
Share this story:

The UK has retained its position as the leading country in Europe for commercial fundraising, according to EY research, which showed the strongest Q1 initial public offering (IPO) performance in 14 years.

As well as bringing the highest level of Q1 business fundraising since 2007, the first three months of 2021 saw the biggest amount raised in any single quarter since 2014 in the UK.

Global markets also performed well, starting 2021 with their strongest first quarter for IPOs in 20 years.

Detailed findings in the latest EY IPO Eye showed that both the main market and the Alternative Investment Market (AIM) - a sub-section of the London Stock Exchange - built on the resurgence of activity witnessed in the second half of 2020.

A dozen IPOs raised £5.2 billion on the main market, while eight stock launches on the AIM generated £441 million.

The total first-quarter figure of £5.6 billion was more than half of the £9.4 billion raised throughout 2020 and the biggest first-quarter amount since the £5.8 billion recorded at the start of 2007.

IPO activity in Q1 2021 also marks a stark contrast from a year earlier, when there were only three IPOs on the main market and two on the AIM, raising a combined total of £615 million.

Scott McCubbin, EY partner and IPO leader for the UK and Ireland, said the latest figures suggested the markets had successfully weathered the effects of Brexit and were "bouncing back from the stall in activity caused by the onset of the pandemic a year ago".

He added: "With an effective vaccine rollout underway, momentum and confidence in the UK IPO market should continue to build, but future growth may vary depending on the sector."

Search for the latest management consultancy jobs and consulting recruitment opportunities, or contact us on +44(0)207 089 9017.

Share this story:
Add new comment