Brexit has deprived companies listed in London of an open gateway to European Union investors, forcing many startups to look elsewhere for an opportunity to raise capital, European advisers say — which has led to a prolonged slump of initial public offerings on the London Stock Exchange.
Brexit has deprived companies listed in London of an open gateway to European Union investors, forcing many startups to look elsewhere for an opportunity to raise capital, European advisers say — which has led to a prolonged slump of initial public offerings on the London Stock Exchange.
Swiss security company Verisure said Wednesday that it plans to raise €3.1 billion ($3.7 billion) during a planned initial public offering on the Nasdaq Stockholm in the latest sign of revival for the European listings pipeline.
PRS said Wednesday that it has agreed to sell its property portfolio to a vehicle controlled by Waypoint Asset Management Ltd. for £646.2 million ($882 million) and then liquidate the real estate investment trust.
A Birmingham court has ordered the former owners of a technology consultancy to pay more than £2.4 million ($3.3 million) in damages for selling the company under the misleading impression that some of its client contracts were more profitable than they really were.
Diversified Energy said Wednesday that stakeholders plan to sell shares in the listed company worth $78.5 million in a secondary offering, as the oil and gas producer reports strong growth.
Galliford Try unveiled plans on Wednesday for a share buyback of up to £10 million ($14 million) as the building and infrastructure business looks to reward investors and downsize its share capital.
Pennant International Group PLC has said that it plans to sell shares to raise £1.25 million ($1.7 million) which the software support and training business intends to use to invest in its products and boost its working capital.
Ropes & Gray LLP said Wednesday that it has opened an office in Milan with three private equity partners joining from Latham & Watkins LLP, further scaling its European presence after recently opening for business in Paris.
