LSE sees encouraging IPO pipeline

Reuters London | Updated on November 25, 2017

London Stock Exchange Group said on Wednesday it sees an encouraging pipeline of companies seeking to raise capital on its markets.

In a trading update, the bourse said that revenues from trading of stocks and bonds were higher year-on-year in August and that its FTSE index business and LCH.Clearnet, the clearing house in which it has a majority stake, performed well last month.

The statement covers a shorter period than usual because the exchange group gave a financial update last month when it unveiled the details of a $1.6-billion rights issue that is helping to fund a takeover of US index compiler Frank Russell.

LSE shareholders are meeting later on Wednesday in connection with the deal, worth $2.7 billion in total, that will help the bourse build a much larger footprint in the US.

Published on September 10, 2014

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