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The London Stock Exchange today welcomed online grocery retailer Ocado to its Main Market. Ocado, which raised £215 million on admission, is the fifth company to join the Main Market this month, taking the total money raised by new UK-based companies on the market in July to over £1 billion.
In addition to Ocado, July primary market highlights include:
- Vallar, the investment vehicle which floated on the 14 July, raised £687m
at admission
- GCP Infrastructure Investments raised £40m on the 22 July and is the
first infrastructure fund of its type to float in the UK
- Better Capital raised £67.6m when they joined the Main Market from AIM on
the 8 July 2010, and Entertainment One also made the move from
AIM to the Main Market on the 15 July.
Tracey Pierce, Director of Equity Primary Markets at London Stock Exchange Group, said;
"Despite testing market conditions, the London Stock Exchange continues to provide access to the deepest pools of equity finance to support the capital raising needs of domestic and international companies of all sizes and across a broad range of sectors. The money raised by companies joining the Main Market this month highlights the vital role that equity markets are playing in funding the UK's continued economic recovery."
So far this year, there have been a total of 45 IPOs on the Exchange's markets, raising a total of over £5.5 billion. Notable international floats this year include Essar Energy and African Barrick Gold, with the London Stock Exchange remaining the world's most international capital market with around 600 overseas companies from almost 70 countries on its markets.
