YORKSHIRE firms helped the London Stock Exchange’s main market to make a strong start to 2014, according to new research.
Four company listings from the North of England made up more than a quarter of the total value of funds raised on the main market in the second quarter. The IPOs of B&M Bargains, Doncaster-based Polypipe Group, Wakefield-based Card Factory and Leeds-based Clipper Logistics collectively raised £1.7bn during the second quarter of 2014, the study by professional services firm EY concluded.
The listings helped the main market to record 19 IPOs that raised a total of £6.6bn.
David Buckley, partner and Yorkshire IPO leader at EY, said: “Northern companies and, in particular, retailers, have been central to the IPO market’s continued revival in the second quarter. Following AO World, Pets at Home and Boohoo in the first quarter, retailers B&M Bargains and Card Factory capitalised on the stablising economic landscape, increasing consumer confidence and strong capital market conditions to join the public markets in the second quarter.”