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Over 100 flotations in London so far in 2021

London’s pipeline of flotations continued to gush on Monday, with five companies floating to take the total in July to a dozen and the running total for 2021 to above 90.

Add in reverse takeovers and we’ve already notched over a century of newcomers so far this year.

Today’s bumper crop included one on the main market, shell company (), which started trading with the stated aim of acquiring a company in the gaming, media, software, industrial or business services sectors.

Meanwhile, over on London’s junior market, new joiners at the start of the week included lithium miner Bradda Head Holdings (), venture capitalists (), clinical-stage biotech () and cosmetics retailer Revolution Beauty Group ().

On top of that, Lords Group Trading (LON:LORD), distributor and retailer of building, plumbing, heating and DIY goods; Sivota PLC (LON:SIV), an investment vehicle focused on later-stage Israeli technology companies; (LON:GENI), developer of a quick and easy genetic test for cardiovascular disease; and Zenova Group PLC, maker of fire safety and temperature management products, have all said they plan to list by the end of the week.

In the first half of the year there were 35 IPOs on AIM and 28 on the main market, there were also 17 new companies arriving via methods the LSE classes as non-IPO: nine via reverse takeover, seven introductions where no new money is raised and one international offering. You could also say Wickes PLC () was a newcomer, as it was separated from its parent (though it was first floated in 1987 before being acquired by Focus Do It All).

That took us to 80 by the end of June.

Since the start of July, the dozen newcomers on the LSE’s official list and AIM have ranged from online building materials retailer (CMO), property investor (LINV), cancer-spotting software developer (LLAI), small motor-maker (SED), space technology investor (), North Sea oil and gas developer () as well as fintech unicorn () going it alone with its direct listing.

Add in the new arrivals on the Aquis Exchange and the total for the year tops 100.

() floated on the Aquis market earlier this month, making it the 11th newcomer so far this year.

Others have been cannabinoid medicines developer PLC (), boutique wealth manager Oberon Investments Group PLC (), e-sports and mobile gaming investment company Pioneer Media Holdings PLC (AQSE:PNER), cross-border e-commerce specialist Samarkand Group LC (), e-sports organisation Semper Fortis Esport PLC () and CBT and hemp products retailer Voyager Life (AQSE:),

Aquis has also attracted a number of special-purpose acquisition companies (SPACs): tech-focused pair Boanerges Ltd (AQSE:BNRG) and TECC Capital PLC (AQSE:TEC), fintech-focused (), and Clarify Pharma PLC (AQSE:PSYC) and (AQSE:PSIL), looking for businesses in developing medicines based on psychedelics and cannabinoids, respectively.

As well as the abovementioned Lords Group, Sivota, GENinCode and Zenova, others to watch out for in London in the coming weeks include Big Technologies PLC, which is led by founder Sara Murray and owns a device called Buddi that helps remotely track children and other vulnerable people; maternity brand , and computer coding trainer Northcoders Group PLC.

Read More: Over 100 flotations in London so far in 2021

2021-07-19 11:28:00

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