Peel Hunt has reported increased revenue this year amid signs of a recovery in IPO activity as the investment bank and London Stock Exchange alike look to bounce back from a challenging 2023. The London-listed firm said in a stock market update on Thursday that it had seen “tentative signs of a pick up in equity capital markets (ECM) activity” amid “improvement in the macroeconomic backdrop” since the start of its 2025 financial year. Peel Hunt, which helps firms prepare for IPOs, is eying a rebound for UK listings in the second half of this year after a bruising 2023 for London’s stock market that saw just 23 companies go public.
IPO activity is growing after bottoming out in the fourth quarter of 2023. Eight companies floated on the LSE between January and the end of June, raising a total of £513.8m.
Still, the total proceeds raised this year are slightly lower than the £593.2m raised in the first half of 2023. “During the period, we have advised clients in relation to a number of equity capital markets transactions,” Peel Hunt said on Thursday.
“And we are encouraged by an increase in activity in both our execution services and institutional trading businesses.” The firm added that, as a result, its revenues for the first quarter were ahead of the same period a year before and in line with market expectations. Peel Hunt was the global co-ordinator for computer firm Raspberry Pi’s IPO last month, which raised £172.
9m, as well as US woundcare specialis.
