Press releases 2011
London Stock Exchange 2011, Review of the Year
- Over £12.9 billion raised in 76 IPOs
- International Order Book 10-year anniversary
- Order Book for Retail Bonds (ORB) raised over £870 million
- Successful migration of LSE cash markets onto the Millennium platform
The London Stock Exchange celebrated a number of notable achievements in 2011 reflecting the success of the wider Group’s diversification strategy. Total IPO money raised during the year was £12.9 billion, a 27% increase on 2010 (£9.9 billion); the IOB celebrated its 10-year anniversary, raising over £40 billion since 2001; and the Order Book for Retail Bonds raised over £870 million in only its second year of operation.
2011 LONDON STOCK EXCHANGE HIGHLIGHTS:
Primary and Secondary Markets
- 2011 saw 76 companies raise a total of £12.9 billion through IPOs on London’s markets*
- AIM saw over £3.8 billion raised through new and further issues and welcomed 45 companies to the market
- The LSE issued a thought leadership paper in November exploring the health of the London IPO market and outlining a series of five key recommendations to ensure the continuation of London’s position as the pre-eminent home for UK and international IPOs
- On 24 May, Glencore International plc, a leading commodities producer and marketer, became the largest ever international IPO in London, raising $10 billion. It became the first company to enter the FTSE100 at admission in 25 years
- In December, Evraz plc and Polymetal International plc became the first Russian companies to join the U.K. benchmark FTSE 100 Index
- Successful migration onto the Millennium platform was completed for LSE’s cash markets in February 2011. Trading on these markets is now delivering consistent speeds of 120 microseconds, making it one of the fastest platforms in the world
- An industry report published in May showed that the London Stock Exchange offers trading in more emerging markets exchange traded funds (ETFs) than any other exchange in the world
Order Book for Retail Bonds (ORB)
- On 1 February the London Stock Exchange celebrated the 1st anniversary of its Order Book for Retail Bond market. In 2011 the market has raised over £870million in new issues for a wide variety of issuers including National Grid, Places for People, Tesco Bank and RBS
- Barclays Capital became the sixth dedicated market maker on ORB in October 2011
International Order Book (IOB)
- The International Order Book celebrated 10 years of trading. Over £40.6 billion has been raised in primary and secondary issues since the market was founded in 2001 and the IOB is now the world's most liquid market for trading in Global Depository Receipts (GDRs)
- In October the London Stock Exchange finalised the acquisition of Transaction Reporting Service (TRS) from the FSA and is successfully migrating existing users to the LSE’s enhanced UnaVista platform
- In May, the London Stock Exchange launched a unique market open ceremony for companies listing on the LSE’s markets. The exchange has since played host to 34 ceremonies inviting companies, charities and distinguished guests to open trading on London markets
- The LSE also participated in events to mark the 25 year anniversary of the Big Bang in October. The ‘Big Bang’ changed the face of the City forever and marked the end of the traditional physical trading floor where traders operated on the London Stock Exchange, in favour of electronic dealing which progressed into the modern trading systems in use today
The review of the Group's full 2011 activities, including Borsa Italiana, Millennium Technologies and FTSE can be found in the Group 2011 review, published in January.
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*As of 29 December 2011
Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,850 people.
Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com