But fragile state of the stock market is underlined by slight fall in the total number of listings across the LSE’s markets
The London Stock Exchange (LSE) saw a big uptick in the number of new issues over the last year, although the total number of companies listed has fallen slightly, reflecting the still fragile state of the stock market.
In a pre-close trading update, the LSE reports that new issues are up 90 percent over the 11 months to February across its Main Market, the Alternative Investment Market (AIM) and Borsa Italiana.
AIM saw the biggest rise with new share offerings up from 40 to 90, an increase of 125 percent compared with the same period the year before. New issues on the Main Market climbed from 41 to 68, a 66 percent rise, while on Borsa Italiana new offerings rose from 7 to 9.
Despite these encouraging figures, however, the overall number of companies listed across the LSE’s markets fell by 3 percent.
The biggest contributor to this fall was AIM, which saw listings decline from 1,268 to 1,178, a fall of 7 percent. The number of companies on the Main Market and Borsa Italiana were roughly flat compared with a year ago.
The OTCQX® marketplace offers the best-informed and most efficient trading of US and global companies. To qualify for the OTCQX marketplace, companies must meet high financial standards, be current in their disclosure and be sponsored by a professional third-party adviser. Designed for the largest and most liquid shareholder-friendly companies, OTCQX ensures investors have the information necessary to intelligently analyze, value and trade their securities.
To learn more, visit us at www.otcmarkets.com.
Please take a moment to read an opinion piece on dividend taxation and the debt bias from OTC Markets Group’s president and CEO, R Cromwell Coulson. Just published on Forbes.com, the column discusses how the US tax code currently favors interest payments on debt over dividend payments to shareholders and possible changes in the US dividend tax rate could make it significantly worse. It also explains why removing the debt bias from our US tax policy will promote growth and a strong economy, and will allow profitable companies to return excess capital to their shareholders. To learn more about OTC Markets Group, visit our website: www.otcmarkets.com.
To view this report, please click here.