British initial product offerings (IPOs) raised more funding in 2021 than in any other year since 2007, figures have revealed.
The research, published by the London Stock Exchange (LSE), suggests that the UK is the number one destination for high-growth companies in Europe.
An IPO is when a private company becomes public by selling its shares to investors on a stock exchange.
According to the report, 122 new companies were listed on the LSE in the 12 months to December 2021, raising a phenomenal £16.8 billion.
This means the stock exchange raised more capital last year than in any other year since 2007 and more than double 2020’s figure of £3.1 billion – and is by far the largest stock market in Europe, raising more equity than the Amsterdam and Paris exchanges combined.
It is also the most equity capital raised outside of the US and Greater China.
The analysis further shows that 39 per cent of all IPO capital in 2021 was raised by tech or digital service companies, despite the sector representing just 29 per cent of new listings that year.
Together, 37 tech companies – including food delivery app Deliveroo, consumer comparison site Trustpilot, and fintech Wise – raised a combined £6.6 billion in IPO capital in 2021.
Commenting on the figures, Julia Hoggett, CEO of LSE, said: “2021 has demonstrated the strength of the UK capital markets with our most active year since 2007. It has also highlighted the vital role LSEG’s capital markets play in supporting innovation, growth and the transition to a low-carbon economy.”
The study also reveals that the UK is now home to 116 unicorns – firms worth $1 billion or more in value – and 213 futurecorns – firms with the potential to reach unicorn status.
For help and advice with related matters, please get in touch with our team today.
Having qualified with Bronsens, Katy looks after a growing portfolio of clients. Katy enjoys helping her client’s transition to cloud based solutions.
Based in Chipping Norton, Tracey processes a large number of payroll for our clients, from the simple directors only through to large complex company payrolls. Our payroll department is fully BACS accredited.
Payroll Manager
Payroll Manager
Sheila brings her wealth of farming knowledge to the practice and looks after our farming portfolio and advises our clients on a wide range or topics.
Zoe is currently studying for her ACCA exams. Working alongside other team members Zoe is building up her knowledge in all aspects of accountancy and is Xero certified.
Hannah has her own portfolio of clients and helps them address all of their business needs, from cloud migration to audits.
Sonia has a wealth of experience in accounting practice. She looks after a varied portfolio across a wide range of industries including:
Based in Witney Judy looks after all aspects of our admin requirements ensuring the practice runs smoothly. Judy is Xero certified and looks after our bookkeeping.
Katie is currently studying for her ACCA exams. Working alongside other team members Katie is building up her knowledge in all aspects of accountancy and is Xero certified.
Jo is Xero certified and works across both offices in our accounts preparation department.
Sarah heads up our busy audit team and looks after a wide portfolio of clients