Peel Hunt reports improved UK IPO sentiment due to resilient financial performance, with revenues up 4% y/y, driven by M&A activity.
Peel Hunt reports sentiment towards UK IPOs improving after a muted year, with resilient financial performance despite challenging market conditions. Revenues for the year to March hit £85.5m, up 4% y/y, driven by investment banking division's M&A activity. However, the firm still expects to report an annual loss. Investor appetite for IPOs has been low in recent years due to market volatility and economic uncertainties, with companies like TUI, CRH and Indivior considering moving listings from London.
April 03, 2024
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