Economic news

IPOs in the UK fell to a five-year low amid Brexit

IPOs by UK companies have raised $1.53 billion since early 2017, that is 28% less than a year earlier and the lowest level since 2012 amid country's preparations for an exit from the EU.

The situation in Britain contrasts sharply with the rest of the world where the revenues from IPOs have increased more than twice compared to 2016 and amounted to $29.4 billion.

In 2016 global share sales dropped by a quarter due to geopolitical shocks and a number of failed IPOs.

Since the beginning of the year, eight British companies have become public, the slowest start in four years.

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