London Stock Exchange: Main Market Has Best Month For IPOs In Four Years

June 2005 was the strongest month for IPOs on the Main Market of the London Stock Exchange since 2001. There were 15 IPOs on the Main Market during June, raising a total of £1.9 billion between them, the largest amount of money raised by IPOs on the Main Market since July 2001 and the largest number of IPOs since November 2000. AIM saw 36 IPOs during the month raising £552.8 million between them.

International companies accounted for 10 of the 51 IPOs on the Exchange in June 2005: three of these were on the Main Market, seven were on AIM. Overall, there were 82 new issues on the Exchange during June, the most for over eight years.

Trading was also strong during June, with a total of 6.7 million equity trades across the London Stock Exchange's markets, worth a total of £422.4 billion. The average daily number of trades was 303,371, up 31 per cent on June 2004 and the average daily value traded was £19.2 billion, up 12 per cent on the previous year.

The total number of trades on SETS was up 30 per cent on June last year to 4.1 million trades. The total value traded on SETS was £82.3 billion, up 19 per cent on June 2004. The average daily number of trades on SETS was 186,629, and the average daily value traded was £3.7 billion.

Included in the SETS figures, SETSmm continued its trend of strong growth, with an increase of 119 per cent in the number of trades to 562,843, up from 257,199 trades in June 2004. At the same time the total value traded in the month increased by 91 per cent to £5.5 billion.

There were 22 business days in June 2005, the same number as in June 2004.