London Falls in IPO Rankings

Bloomberg ranks London 23rd among IPO venues, behind Singapore, Mexico, and even Oman. Year-to-date proceeds fell 69% to $248 million, the weakest in over 35 years, with Q3 volume down 85% year over year and the largest deal raising only £98 million. Major Wall Street banks were absent, with small local brokers leading the few listings. — A collapse in UK listings signals waning financial-center status and pressures policymakers to rethink listing rules, taxation, and market structure to revive equity issuance.