Britain's stock market falls below Oman and Malaysia in global rankings [Yahoo! Finance]
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: Yahoo! Finance
Companies floating in London raised $1bn (£790m) this year, down by 9pc, according to data compiled by Bloomberg. It pushed Britain down by four spots in the worldwide league table for fundraising from initial public offerings (IPOs) this year, to 20th place – $40bn behind the fundraising clout of the US, which ranked first. London fell behind Oman, where more money was raised in IPOs, even though its overall stock market is 1pc the size of Britain's. Malaysia and Luxembourg have risen above London, which also trails behind Australia, Poland and Saudi Arabia. The City did not have any listings among the top 100 globally. Greece, Sweden and South Africa hosted bigger floats this year. George Chan, of auditor EY, said: “Governments are doing everything they could to attract more companies to come, so the competition is now more intense. “If we do not change this sort of landscape, it's going to take a lot of time for the UK to be back on the top of the pyramid.” London pr
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- 12/17/24 - Form 6-K
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- BN's page on the SEC website