Optimistic: Peel Hunt said he expected there to be an “increasing number” of debuts on the London market by the second half of 2023.
The stock market is expected to recover later this year after months of pessimism about the exchange.
Investment bank Peel Hunt said yesterday it expected there to be an “increasing number” of debuts on the London market for the second half of 2023. The broker added it was “increasingly confident” in an even greater revival in the first half of 2025.
London is fighting for blockbuster listings, including Chinese fast fashion giant Shein and Unilever’s ice cream spin-off business.
Peel Hunt has a ‘speedometer’, which scores the health of the UK flotation market between zero and 60 miles per hour.
In its latest score, the city increased to 27 miles per hour from 24 miles per hour in April.
In a note, the broker explained: “What has so far been a European-led float recovery has begun to spread to the UK.”
It is another vote of confidence in the City after London Stock Exchange boss Julia Hoggart told the Mail on Sunday the exchange was fighting for every possible listing.