 |
London, Dec 30, 2009 (ABN Newswire) - A record GBP82.5 billion was raised through new and further issues of equity on the London Stock Exchange (LON:LSE) during the course of 2009, an increase of 16 per cent on the total for 2008, itself a record year.
Despite difficult market conditions, there were a total of 69 new issues on the Exchange, including 18 IPOs, and a significant number of further issues, totalling GBP80.7 billion, taking place.
Tracey Pierce, Head of Equity Primary Markets at London Stock Exchange Group, said:
"Our markets continued to support the capital raising needs of companies across the year, with a flow of secondary issues contributing to a record year of equity fundraising, providing firms with the backing they need to help them through testing market conditions. Although there can be no certainty regarding the timing of new issues, our pipeline of new companies looking to float in 2010 is promising, with firms from a broad range of countries and sectors keen to benefit from the liquidity and profile that a listing in London offers."
2009 EQUITY MARKET HIGHLIGHTS:
- On July 27 ,Tata Steel, one of the world's leading steel companies, raised $500 million, the largest ever Indian GDR offering in London
- Also in July, RusHydro, the world's largest publicly traded hydro generation company joined the Main Market, while Virgin Media joined the Official List in October, giving investors the opportunity to invest in one of the UK's leading entertainment brands
- Over GBP50 billion was raised through rights issues from a broad range of companies on the Main Market. As well as significant rights issues by Royal Bank of Scotland Group and HSBC, Lloyds Banking Group raised GBP13.5 billion in November, the world's largest ever rights issue. In addition mining group Rio Tinto, home builder Barratt Developments and brewer Greene King raised GBP7.3 billion, GBP545.5 million and GBP218.0 million in rights issues respectively
- Centamin Egypt moved from AIM to the Main Market in November, having grown from a market capitalisation of GBP21.5 million on admission to AIM in 2001 to over GBP1 billion
- AIM continued to perform resiliently, raising GBP5.3 billion, a 23 per cent increase on 2008, with money raised through further issues reaching GBP4.6 billion, a 45 per cent increase on last year
- During the year, more than 70 AIM companies conducted further issues worth over GBP10 million, including Songbird Estates which raised GBP620 million in October, AIM's largest ever secondary issue
- The largest AIM IPO of the year was Max Property Group, which floated in May, raising GBP220 million
Marcus Stuttard, Head of AIM, said:
"As we enter 2010, AIM remains a vital source of funding for growth companies, supporting innovation and jobs across the UK, and internationally. AIM is the only growth market in the world with the critical mass to provide firms from a wide range of countries and sectors with access to capital not just at IPO but throughout their life on the market.
"The fact that AIM companies succeeded in raising over GBP4.5 billion through further issues in 2009 - capital injections which they have used to pay off debt, rebuild balance sheets and fund further growth - demonstrates how interest in small and mid cap companies among London's unrivalled suite of small cap investors remains strong."
**2009 totals are based on confirmed figures up to the end of November and estimates up to 18 December.
Despite difficult market conditions, there were a total of 69 new issues on the Exchange, including 18 IPOs, and a significant number of further issues, totalling GBP80.7 billion, taking place.
Tracey Pierce, Head of Equity Primary Markets at London Stock Exchange Group, said:
"Our markets continued to support the capital raising needs of companies across the year, with a flow of secondary issues contributing to a record year of equity fundraising, providing firms with the backing they need to help them through testing market conditions. Although there can be no certainty regarding the timing of new issues, our pipeline of new companies looking to float in 2010 is promising, with firms from a broad range of countries and sectors keen to benefit from the liquidity and profile that a listing in London offers."
2009 EQUITY MARKET HIGHLIGHTS:
- On July 27 ,Tata Steel, one of the world's leading steel companies, raised $500 million, the largest ever Indian GDR offering in London
- Also in July, RusHydro, the world's largest publicly traded hydro generation company joined the Main Market, while Virgin Media joined the Official List in October, giving investors the opportunity to invest in one of the UK's leading entertainment brands
- Over GBP50 billion was raised through rights issues from a broad range of companies on the Main Market. As well as significant rights issues by Royal Bank of Scotland Group and HSBC, Lloyds Banking Group raised GBP13.5 billion in November, the world's largest ever rights issue. In addition mining group Rio Tinto, home builder Barratt Developments and brewer Greene King raised GBP7.3 billion, GBP545.5 million and GBP218.0 million in rights issues respectively
- Centamin Egypt moved from AIM to the Main Market in November, having grown from a market capitalisation of GBP21.5 million on admission to AIM in 2001 to over GBP1 billion
- AIM continued to perform resiliently, raising GBP5.3 billion, a 23 per cent increase on 2008, with money raised through further issues reaching GBP4.6 billion, a 45 per cent increase on last year
- During the year, more than 70 AIM companies conducted further issues worth over GBP10 million, including Songbird Estates which raised GBP620 million in October, AIM's largest ever secondary issue
- The largest AIM IPO of the year was Max Property Group, which floated in May, raising GBP220 million
Marcus Stuttard, Head of AIM, said:
"As we enter 2010, AIM remains a vital source of funding for growth companies, supporting innovation and jobs across the UK, and internationally. AIM is the only growth market in the world with the critical mass to provide firms from a wide range of countries and sectors with access to capital not just at IPO but throughout their life on the market.
"The fact that AIM companies succeeded in raising over GBP4.5 billion through further issues in 2009 - capital injections which they have used to pay off debt, rebuild balance sheets and fund further growth - demonstrates how interest in small and mid cap companies among London's unrivalled suite of small cap investors remains strong."
--------------------------------------
MAIN MARKET, PSM AND SFM
UK & INTERNATIONAL
--------------------------------------
IPOs IPO Further Total
Money Money money
raised Raised Raised
GBPm GBPm GBPm*
--------------------------------------
2009** 7 1,052 76,143 77,195
2008 35 6,299 60,438 66,737
2007 87 20,450 9,525 29,995
2006 89 20,124 16,161 36,307
2005 88 10,674 9,151 19,851
2004 52 4,930 8,929 13,903
2003 20 3,563 12,799 16,378
--------------------------------------
--------------------------------------
AIM
UK & INTERNATIONAL
--------------------------------------
IPOs IPO Further Total
Money Money money
raised Raised Raised
GBPm GBPm GBPm*
--------------------------------------
2009** 11 598 4,592 5,322
2008 38 917 3,214 4,322
2007 182 6,262 9,602 16,183
2006 278 9,315 5,734 15,678
2005 335 5,632 2,481 8,942
2004 243 2,412 1,879 4,655
2003 66 986 1,000 2,095
--------------------------------------
*includes non-IPO new issues **2009 totals are based on confirmed figures up to the end of November and estimates up to 18 December.
About London Stock Exchange Group plc
London Stock Exchange Group (LON:LSE)(PINK:LDNXF) is Europe's leading diversified exchange business, incorporating Borsa Italiana and London Stock Exchange. With over 500 member firms and more than 3,000 companies quoted across its markets, the Group operates the largest and most liquid equity marketplace in Europe.
The Group offers trading in a wide range of instruments, holding the number one position in trading exchange traded products (ETFs and ETCs) and through its interest in MTS, is the leading platform for the trading of fixed income products. Through MOT it offers a comprehensive range of European corporate and government bond trading services. Its Italian Derivatives Exchange Market (IDEM) sees over €2.5 billion worth of trading every day, and through EDX London the Group provides a facility for the trading of Scandinavian and Russian equity derivatives.
London Stock Exchange Group also offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis. These include services from Monte Titoli, the Central Securities Depository for all Italian financial instruments, and Cassa di Compensazione & Garanzia (CC&G), which in July 2009 was granted Recognised Oversaeas Clearing House (ROCH) status by the FSA to operate in the UK.
London Stock Exchange itself is the world's most international exchange with over 600 overseas companies from more than 70 countries quoted on its markets. These figures include international companies on AIM, the London Stock Exchange's growth market, which has grown to become the world's most successful market for small and medium sized enterprises with 1,385 companies at the end of July 2009.
|
||
|
 |
Related Companies |
>>>        London Stock Exchange Group plc |
| |
Related Industry Topics: |
Financial General | Infrastructure & Technology | European Finance News | |
| |
This Page Viewed: (Last 7 Days: 40) (Last 30 Days: 190) (Since Published: 27250) |
Events & Exhibitions
|
Site Search
| ENGLISH All Languages |
AJAX UNION |
|||
|
|||
Companies in the News
ABN Newswire on iPhone/iPad
|
| Download from Apple |
Mobile Video TV
|
||
|
||
){kind=link}