LSE turning to Middle East for IPO revival after Brexit vote

London

THE London Stock Exchange is targeting more listings from companies in the Middle East, following a dearth of initial public offerings in the aftermath of Britain's vote to leave the European Union.

Money raised on LSE's equity markets fell nearly 40 per cent in 2016 to £25.6 billion (S$44.8 billion). While funds raised from initial public offerings (IPOs) so far this year recovered slightly from 2016, they were much lower than in the previous two years.

The exchange is now turning to the Middle East, an executive said, seeking to convince investors that it is attractive despite uncertainty about how Brexit will affect London - a factor that contributed to the recent collapse of LSE's …