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Uncertainty over Brexit vote dampens IPOs in London

Published Tue, Jun 21, 2016 · 09:50 PM

London

BRITAIN has been one of the most active markets for initial public offerings (IPOs) in Europe in recent years as a flurry of companies have sought to list their shares in London - far outpacing the level of activity in Paris, Frankfurt, Germany and other European financial capitals.

A vote by Britain to exit the European Union, however, could change all that, at least for the short term.

Investors have been reluctant to invest in new London listings, and several companies have delayed announcing their intention to file until after the vote on Thursday.

Uncertainty over the outcome of the vote has kept…

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