IPO frenzy shows better times since Brexit vote
Rush in IPOs indicates better economic performance since
There has been a rush in the number of companies listing on the stock exchange which is being seen as a positive signal. The number of listings is already 24 this
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It is also an indication that the UK economy has been performing better than expected since the EU referendum vote, he said.
"Many companies put off their IPOs in the second half of last year due to the uncertainty about the outlook for the economy. The fact the IPOs have been happening this year shows that not much has actually changed as a result of the vote.
"The dust has largely settled, in as much as it is going to, for companies [worried about Brexit].
"Business conditions are broadly
favourableand so for the remainder of the year we expect business conditions to be broadly favourable forthe IPO market.”
The fund manager pointed out that property companies in particular, are coming to market.
Martin Turner, the long-time co-manager
He added the current strength of the IPO market points to the fact smaller companies operate in niche areas of the economy that are largely unaffected by the wider economy.
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