Peel Hunt IPO Speedometer: H1 IPO Volumes Subdued But Positive Pipeline Remains
- This month, the Speedometer has decelerated to 30mph from 32mph in March. It remains in third gear, classifying the UK IPO market as “Open”.
- As expected for a number of months, UK IPO volumes have remained subdued in Q2. Although the pipeline has been H2-weighted for some time, the recent market volatility has impacted the timelines of those issuers considering coming to market in H1.
- Despite some of the market headwinds, the pipeline remains the strongest we have seen for several years, and issuers continue to prepare for the coming windows. We have been encouraged by the response these assets have received in pre-marketing from investors.
H1 has remained quiet for IPOs in the UK. There remains a positive pipeline of deals getting ready for post-summer, including a number of jumbo sponsor-backed assets.
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