London Stock Exchange owner hopeful for more IPOs this year

The company has been under pressure due to firms delisting, a similar problem facing the Dublin exchange

Only only 23 firms listed on the London Stock Exchange last year – a 49 per cent drop on 2022. Picture: Getty

The London Stock Exchange owner has signalled hopes that the coming year will mark a reversal in its fortunes, as it published preliminary results for last year.

The under-pressure stock market, which has faced a dismal run of delistings and scarce appetite for IPOs, said equity revenues declined 8.8 per cent last year to £227 million.

David Schwimmer, the LSE Group chief executive, sought to strike a note of optimism about the next 12 months.