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Evening Standard
Evening Standard
Business
Michael Hunter

London IPO market ‘effectively closed’ says Peel Hunt as it swings to annual loss

Peel Hunt IPO London City Drought

The City’s dealmaking drought meant the London IPO market was “effectively closed”  according to broker and investment bank Peel Hunt today, as it swung to an annual loss.

With a lack of companies floating on the stock exchange, the broker and mini-investment bank revealed that the number of equity capital market transactions it worked on tumbled to 27 from 46 a year earlier.

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