Asia booms and London holds ground as IPOs slow in 2007
City partners focusing on London's Alternative Investment Market (AIM) are watching the market closely after the volume of initial public offerings (IPOs) fell by 32% during 2007. PricewaterhouseCoopers' (PwC's) 2007 annual IPO report - released last month - revealed that AIM saw 220 IPOs in 2007, compared with 325 in 2006, resulting in a drop in value of E4bn (£3bn) to hit E9.5bn (£7.5bn). The fall in activity meant money raised in the London markets as a whole generally fell by 7% to E39.08bn (£31bn).
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