North East firms are eyeing potential future flotation on the London Stock Exchange, one of the market's senior bosses has revealed.
Marcus Stuttard, head of AIM and UK Primary Markets at the London Stock Exchange Group (LSEG), has confirmed that regional companies are currently considering Initial Public Offering (IPO), saying greater use of technology to hold meetings and deliver presentations had opened up capital to regional firms even more.
Nearly £50bn was raised by the London Stock Exchange in 2021, including £16.8bn in IPOs of which Tyneside-based Kitwave's £64m raise was one. While 2022 saw a decline in activity, Mr Stuttard said: "Talking to the advisory community, in the back half of last year they were relatively cautious about when IPOs would start to pick up and we're now starting to see the pipeline grow. I think the second half of this year will be a much more active period."
