The prospect of Brexit has kept the UK’s companies back from floating on stock markets, with the number of initial public offerings in London in the first three months of 2017 dropping to its lowest level in four years.
The value of the listings in the first quarter was the lowest since 2012, according to Reuters, at $1.53bn – down 28 per cent compared with the same period last year.
Since January, only eight UK’s companies decided to float on the stock market, making it the slowest annual start since 2013.
In contrast, global stock market launches are flourishing. There have been more fresh stock market listings globally than any other similar period since 2000, while the value value of global IPOs for the same period has more than doubled compared to last year.
Since the vote in June, the number of new stock markets launches in the UK has decreased by 54 per cent by value and 30 per cent by the number of deals, in comparison to the previous similar period.