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Future of British Business

Brexit Cost London a Big Chunk of IPO Market Share in Europe

  • UK IPOs went from 40% of European issuance to 30% after vote
  • Government efforts to attract more startups are yet to pay off
Updated on

Boris Johnson’s vision for London to boost its standing as a global financial center and stock-market listings hub post-Brexit hasn’t exactly panned out so far.

Since the shock vote to split with the European Union in June 2016, initial public offerings have been losing steam in the UK. They made up 30% of total listing proceeds in Europe, down from 40% in the six preceding years, data compiled by Bloomberg show.