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.