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.
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