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Record amount raised in London this year as foreigners rush to float

Record amount raised in London this year as foreigners rush to float

by Rick Turoczy on August 8, 2006

More money is being raised from flotations in London than ever before, as companies flock to take advantage of more relaxed listing rules, City expertise, cheaper costs of selling their shares and the glut of funds looking for a home.

Figures from the London Stock Exchange released yesterday showed that £17.8bn has been raised through initial public offerings on its markets so far this year, more than the £17.1bn raised during the whole of 2005.

Retailers, insurance companies, oil producers, telecommunications groups and gaming firms are among those to raise sizeable amounts of capital by listing in London in 2006.

Record amount raised in London this year as foreigners rush to float

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