The London Stock Exchange today welcomed Resolution Limited to its Main Market. The company has raised £600 million, making it one of the year’s biggest IPOs in terms of money raised, and one of the ten biggest international IPOs to be conducted in the UK in the last five years. To mark the occasion, Clive Cowdery and John Tiner, the founder and Chief Executive of Resolution, joined the Chairman of the London Stock Exchange, Chris Gibson-Smith, to officially open the markets.
John Tiner, Chief Executive of Resolution said:
“We are delighted the company is joining the Main Market of the LSE. Resolution provides a compelling proposition for public market investors.”
Chris Gibson-Smith, Chairman of the London Stock Exchange Group, said:
“We are delighted to welcome Resolution Limited to our Main Market today. Their IPO, one of the biggest this year, and indeed one of the ten biggest international IPOs to be conducted in London in the last five years, shows that in spite of difficult market conditions globally, London is open for business, and companies continue to raise large amounts of capital here through IPOs and further money raising.”
Lazard & Co is acting as financial advisor in connection with the placing. Citi, HSBC and Merrill Lynch are acting as joint global co-ordinators, joint bookrunners and joint underwriters.
The top ten international Main Market IPOs of the last five years are:
|
Date
|
Company
|
Money Raised (£m)
|
|
19 July 2006
|
Rosneft OJSC
|
3,580.5
|
|
17 May 2007
|
VTB Bank(JSC)
|
3,218.2
|
|
08 February 2006
|
Lotte Shopping Co
|
1,586.2
|
|
09 May 2008
|
New World Resources NV
|
1,264.9
|
|
20 March 2007
|
Smurfit Kappa PLC
|
1,003.5
|
|
30 June 2005
|
Partygaming
|
906.7
|
|
11 May 2007
|
AFI Development Plc
|
773.2
|
|
14 February 2005
|
Sistema JSFC
|
717.6
|
|
10 December 2008
|
Resolution
|
600.0
|
|
15 December 2004
|
Air China
|
592.5
|
