Investors positive about 2015 IPOs despite oil price and election uncertainties
The oil price drop, the upcoming election and the woes of 2014 floats have not dampened institutional investors, with more than three quarters expecting stable or increased listings in 2015.
A survey from accountancy firm BDO found institutional investors, investing in UK equities with a combined $10 trillion (£6.6 trillion) under management, found that 76 per cent of respondents expected the numbers of floats on the Alternative Investment Market (Aim) to increase or remain unchanged. Stable or increased main listings were picked by 77 per cent of investors.
The UK ranked fifth in the world in terms of attractiveness for equity investors, with 33 per cent citing the UK as attractive for equity investment. The US was voted top at 48 per cent.
A lack of bank funding was listed by 71 per cent as the main reason why companies were having to float in order to raise new funds. Technology companies were singled out by 51 per cent as attractive for investors in 2015.