IPOs in London drop 90% in 2022

£1.6bn raised

The London Stock Market suffered last year with a dramatic decline in IPO activity and proceeds dropping 90% compared to the previous year, according to new figures.

In 2022 there were just 45 new issuers, a 62% decline from the record year of 119 in 2021, according to IPO Eye, a market tracker produced by Ernst & Young.  The new listings raised £1.6bn, down from the £16.3bn raised in the previous year. "2022 was a very difficult year for the UK IPO market, with the adverse macroeconomic and geopolitical environment leading to a relative pause in IPO activity towards the end of the year," said Scott McCubbin, EY UKI IPO Leader. BofA downgrades UK asset managers over recession risks and weak flows The last three months of the year saw the main m...