London Stock Exchange sees 100 new listings for first time in three years
Israeli mining company Shefa Yamim became the 100th company to float on the London Stock Exchange in 2017 on Monday, marking the first time the barrier had been broken in three years on the back of heightened international interest and an increased level of investment fund listings.
Shefa Yamim was admitted to the LSE on Monday morning along with Fusion Antibodies of Northern Ireland to become the 99th and 100th IPO's of the year, with the end of year run still holding potential listings from the likes of video games developer Sumo Group, which announced its intention to secure a £145m float the same day, and Mirriad Advertising.
The December listings held the potential to increase the total value of listings on the LSE to approximately £14.8bn, four times as much as its nearest European competitor.
Throughout 2017, nine of the top ten IPO's came from outside of the UK, and a total of 20 listings from North America.
LSE chief executive, Nikhil Rathi, said, "Despite the challenges Brexit presents, London's highly global, deep and liquid capital markets continue to be the ideal partner for funding the world's growth."
"It is particularly significant that the number of international listings in London is up, with North American listings up nearly seven-fold on last year," Rathi added.
2017 was also the LSE's strongest showing in terms of real estate investment trusts, tripling its takings on the previous year.