Market report - October 2006
London Stock Exchange Group PLC
09 November 2006
News Release
9 November 2006
MR64-10.06
IPO Money raised up 40 per cent in October
A total of £3.5 billion was raised by companies undertaking an IPO on the London
Stock Exchange's markets in October, up 40 per cent on the same month last year.
This takes the total money raised through IPOs on the Exchange's market to £22.3
billion so far this year, more than any other exchange in the world.
During the month the Exchange attracted: 11 IPOs to the Main Market, raising a
total of £2.6 billion; one IPO to the Professional Securities Market (PSM),
raising £79.1 million; and 22 IPOs to AIM, raising £885.7 million. Of these 34
IPOs, eight were by international companies, raising £1.0 billion between them.
The figures include MCB Bank, the first Pakistan-based company to list on any of
the Exchange's markets, which raised £79.1 million on the PSM.
During October there were 7.3 million trades on SETS, the Exchange's electronic
order book, an increase of 52 per cent on October 2005. The value traded on
SETS increased 29 per cent to £136.0 billion over the same period. The average
daily number of trades on SETS during October increased 45 per cent to 331,378,
and the average daily value traded increased 23 per cent on last year to £6.2
billion.
Included in these figures, SETSmm had another excellent month, with the number
of trades up 108 per cent on October 2005 to 1.6 million; the total value traded
increased 85 per cent to £12.8 billion.
Also included within the SETS figures, the total number of trades on the
International Order Book increased 34 per cent to 53,321, with the total value
traded up 42 per cent to £5.0 billion.
ETF trading was up 117 per cent to 26,078 trades during the month, with a 70 per
cent increase in the value traded in ETFs to £1.9 billion. Three new ETFs were
admitted to trading during the month.
Trading in all UK equities increased 44 per cent to 8.2 million trades during
the month, and the total value traded was up 24 per cent to £285.7 billion.
RNS, the Exchange's service for the dissemination of company news, transmitted
15,187 announcements during October 2006. This total included 5,596 news and
results announcements, an increase of 21 per cent on the number of news and
results announcements during the same month last year.
There were 22 trading days during October 2006, one more than in October 2005.
- ends -
For further information, please contact:
Richard Webster-Smith Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
Notes to editors:
• About the London Stock Exchange
The London Stock Exchange is the world's premier international equity exchange
and a leading provider of services that facilitate the raising of capital and
the trading of shares.
The London Stock Exchange is the most international equities exchange in the
world and Europe's largest pool of liquidity. By the end of 2005, the market
capitalisation of UK and international companies on the London Stock Exchange's
markets amounted to £4.1 trillion, with £5.2 trillion of equity business
transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the
Financial Services and Markets Act 2000 and is supervised by the Financial
Services Authority.
Companies considering flotation have a choice of markets:
AIM
AIM is the London Stock Exchange's international market specifically designed
for smaller, growing companies, combining the benefits of a public flotation
with appropriate levels of regulation.
Main Market
The London Stock Exchange's Main Market for established companies seeking
international recognition is one of the world's best known, longest-established
and most liquid markets. It is home to some of the world's largest and most
successful companies, giving them access to one of the deepest pools of capital
in the world.
Professional Securities Market
The Professional Securities Market was established in July 2005, to coincide
with the introduction of the FSA's new Listing Rules. PSM provides a solution
for those issuers seeking to list securities in London without having to
re-state their financial information to IFRS or follow the additional
requirements of an offering to retail investors. Debt securities or depository
receipts of any denomination may be listed on PSM on production of a prospectus
aimed at a wholesale or professional audience.
• IPO
An IPO or Initial Public Offering is when a new company joins one of our markets
and raises capital by issuing shares. This excludes transfers and introductions
(when companies join the market without raising money).
• Indices
Indices are calculated and managed by FTSE Group, a world-leader in the creation
and management of global equity indices. The FTSE Group is jointly owned by the
London Stock Exchange and the Financial Times, but operates as an autonomous
company.
For information about the company or any FTSE indices, please contact
media@ftse.com
• SETS - the electronic order book
It is over eight years since the launch of SETS and the order book continues to
go from strength to strength, compressing spreads and significantly improving
liquidity. SETS has recently delivered record increases in the number of orders
entered and executed as new technology improves efficiency and fuels growth.
• SETSmm
SETSmm is the Exchange's trading service for FTSE 250 and other leading non
order book securities. By combining the best features of the existing SETS and
SEAQ trading services, SETSmm appeals to market users who want to trade
electronically, as well as those customers who use the market making system.
• International Order Book (IOB)
The IOB is the Exchange's order book for the trading of international Depositary
Receipts, negotiable certificates which represent ownership of a given number of
a company's shares and can be listed and traded independently from the
underlying shares.
• Retail Trading Figures
Retail trading figures are available from our website at -
www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE - MONTHLY FACTSHEET FIGURES
October 2006
October 2006 October 2005
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 285,685 2,669,701 230,997 2,066,989
Number of Equity Trades 8,176,968 73,575,464 5,687,111 52,267,343
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 309,870 2,792,665 247,672 2,177,878
Number of Equity Trades 2,129,331 17,411,965 1,823,700 14,749,447
ORDER BOOK TRADING
Order Book Value (£m) 136,048 1,255,504 105,327 865,856
Order Book Trades 7,290,321 63,984,541 4,804,645 42,515,556
October 2006 October 2005
DOMESTIC MARKET CAPITALISATION (£bn) 1,972 1,718
TOTAL NUMBER OF COMPANIES 3,208 3,030
Main Market UK 1,294 1,362
Main Market International 316 334
of which techMARK 140 148
AIM 1,582 1,332
Professional Securities Market (Equity only) 16 2
October 2006 October 2005
MONEY RAISED (£m) Month Year to date Month Year to date
Equity Money Raised:
New issues: Main Market UK 1,806 7,664 1,317 4,320
New issues: Main Market International 777 7,352 673 3,750
New issues: AIM 889 7,232 591 3,983
Further issues: Main Market UK 3,852 13,698 1,370 7,060
Further issues: Main Market 22 1,264 - 325
International
Further issues: AIM 502 4,495 232 1,793
PSM (new & further, UK & International) 79 606 38 38
COMPANIES ADMITTED 55 450 40 498
Debt Money Raised (£m)
Main Market UK 16,160 122,682 11,582 103,097
Main Market International 18,573 161,141 9,949 99,293
PSM ( PSM (UK & International) 647 9,923 885 16,939
This information is provided by RNS
The company news service from the London Stock Exchange
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