In the six months to the end of June 2006, the Exchange attracted 50 international IPOs to the Main Market and AIM, drawing companies from 15 different countries. This total included seven international companies on the Main Market, raising £2.7 billion between them, and 43 international companies on AIM, raising £1.8 billion between them. By comparison, during the period from January to May this year, there were 15 international IPOs on the New York Stock Exchange and Nasdaq combined.
Overall, during the first half of this year there were 40 IPOs on the Main Market, raising £5.2 billion, and 151 IPOs on AIM, raising £4.7 billion.
This total included four IPOs on the Main Market in June 2006, raising £171.6 million, and 21 IPOs on AIM which raised £481.4 million, including eight IPOs from international companies.
Trading on the London Stock Exchange also continued to show very strong growth in June. There were 7.3 million SETS trades during the month, up 77 per cent on June 2005, while the value traded on SETS increased 68 per cent to £138.2 billion. The average daily number of trades on SETS in June increased to 329,648 while the average daily value traded rose to £6.3 billion.
Included in the SETS figures, SETSmm had an impressive month, with the total number of trades up 177 per cent on June 2005 to 1.6 million, an average of 70,845 trades per day. The value traded was up 107 per cent to £11.3 billion, or £513 million daily. The year-on-year growth in SETSmm trading can, in part, be attributed to the transfer of the remaining 198 quote-only FTSE SmallCap index securities onto SETSmm. Compared with their trading performance during June 2005, the last full month before the transfer, SmallCap index stocks have benefited from a reduction in spreads from 214 to 163 basis points, less than half the published spread available on other markets.
Also included in the SETS figures, the Exchange's International Order Book (IOB) had an excellent month with an 183 per cent increase in the number of trades to 69,402, and an increase of 236 per cent in the value traded to £5.6 billion.
The total value of UK equities traded during the month was £276.5 billion, up 42 per cent on June 2005, while the total number of trades increased 59 per cent to 8.1 million.
Covered warrants and structured products had another strong month with 7,714 trades during the month, up 89 per cent on June 2005, and a total value traded of £80.5 million, an increase of 299 per cent. The number of ETF trades during the month was up 92 per cent on the same month last year to 20,002, while the value traded increased 161 per cent to £1.6 billion.
RNS, the Exchange's service for the dissemination of company news, issued 5,669 company news and results announcements during June 2006, an increase of 17 per cent on last year, representing 87 per cent of all company news and results announcements issued in the UK. The total number of announcements made via RNS was 15,869, up 21 per cent on June last year.
There were 22 trading days in June 2006, the same number as the previous year.
For further information, please contact:
| Catherine Mattison | Press Office +44 (0)20 7797 1222 newsroom@londonstockexchange.com |
Notes to editors:
- About the London Stock Exchange
The London Stock Exchange is the world’s premier international equity exchange and a leading provider of services that facilitate the raising of capital and the trading of shares.
The London Stock Exchange is the most international equities exchange by trading in the world and Europe's largest pool of liquidity. By the end of 2005, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £4.1 trillion, with £5.2 trillion of equity business transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.
Companies considering flotation have a choice of markets:
- AIM
AIM is the London Stock Exchange’s international market specifically designed for smaller, growing companies, combining the benefits of a public flotation with appropriate levels of regulation.Main Market
The London Stock Exchange’s Main Market for established companies seeking international recognition is one of the world’s best known, longest-established and most liquid markets. It is home to some of the world’s largest and most successful companies, giving them access to one of the deepest pools of capital in the world.Professional Securities Market
The Professional Securities Market was established in July 2005, to coincide with the introduction of the FSA's new Listing Rules. PSM provides a solution for those issuers seeking to list securities in London without having to re-state their financial information to IFRS or follow the additional requirements of an offering to retail investors. Debt securities or depository receipts of any denomination may be listed on PSM on production of a prospectus aimed at a wholesale or professional audience. - IPO
An IPO or Initial Public Offering is when a new company joins one of our markets and raises capital by issuing shares. This excludes transfers and introductions (when companies join the market without raising money).
- Indices
Indices are calculated and managed by FTSE Group, a world-leader in the creation and management of global equity indices. The FTSE Group is jointly owned by the London Stock Exchange and the Financial Times, but operates as a wholly autonomous company.
For information about the company or any FTSE indices, please contact media@ftse.com
- SETS – the electronic order book
It is over eight years since the launch of SETS and the service continues to go from strength to strength. Overall, the market is benefiting from tighter spreads and greater liquidity. Usage of SETS continues to grow, as shown by recent record increases in the number of orders entered, the number of firms using the order book and order book share of business.
- SETSmm
SETSmm is the Exchange’s successful trading service for FTSE 250 and other leading non order book securities. By combining the best features of the existing SETS and SEAQ trading services, SETSmm appeals to market users who want to trade electronically, as well as those customers who use the market making system.
- Retail Trading Figures
Retail trading figures are available from our website at – www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE - MONTHLY FACTSHEET FIGURES
2006
| June 2006 | June 2005 | |||
| DOMESTIC EQUITY TRADING | Month | Year to date | Month | Year to date |
| Equity Trading Value (£m) | 276,502 | 1,695,275 | 195,320 | 1,197,271 |
| Number of Equity Trades | 8,050,791 | 44,068,576 | 5,058,618 | 30,362,749 |
| INTERNATIONAL EQUITY TRADING | ||||
| Equity Trading Value (£m) | 229,089 | 1,691,850 | 227,126 | 1,262,839 |
| Number of Equity Trades | 1,192,379 | 9,770,066 | 1,615,535 | 7,941,156 |
| ORDER BOOK TRADING | ||||
| Order Book Value (£m) | 138,246 | 780,232 | 82,346 | 475,437 |
| Order Book Trades | 7,252,257 | 37,651,243 | 4,105,846 | 24,341,767 |
| June 2006 | June 2005 | |||
| DOMESTIC MARKET CAPITALISATION (£bn) | 1,885 | 1,580 | ||
| TOTAL NUMBER OF COMPANIES | 3,193 | 2,994 | ||
| Main Market UK | 1,312 | 1,412 | ||
| Main Market International | 321 | 342 | ||
| of which techMARK | 141 | 152 | ||
| AIM | 1,549 | 1,240 | ||
| Professional Securities Market (Equity only) | 11 | - |
| June 2006 | June 2005 | |||
| MONEY RAISED (£m) | Month | Year to date | Month | Year to date |
| Equity Money Raised: | ||||
| New issues: Main Market UK | 172 | 2,578 | 747 | 2,032 |
| New issues: Main Market International | - | 2,681 | 1,199 | 2,545 |
| New issues: AIM | 597 | 5,007 | 640 | 2,134 |
| Further issues: Main Market UK | 1,292 | 4,586 | 1,105 | 3,708 |
| Further issues: Main Market International | 3 | 665 | 75 | 218 |
| Further issues: AIM | 665 | 3,542 | 218 | 978 |
| PSM (new & further, UK & International) | - | 527 | - | - |
| COMPANIES ADMITTED | 42 | 286 | 82 | 336 |
| Debt Money Raised (£m) | ||||
| Main Market UK | 13,648 | 68,849 | 16,435 | 75,866 |
| Main Market International | 11,686 | 102,994 | 21,787 | 63,956 |
| PSM (UK & International) | 1,064 | 8,356 | - | - |
