Strong start of the year for global IPOs

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The Independent Online

The international market for company listings began the year in buoyant fashion, with the first two months of 2011 seeing more than $25bn raised in 193 deals, according to an Ernst & Young report.

Britain saw two IPOs over the period, with Hydraulic Machines & Systems raising $360m via a debut on the main market of the London Stock Exchange, and Frontier IP raising $2m by floating on the Aim. Europe saw 26 deals raising $1.8bn. The US also saw 26 deals, although the value far exceeded the European result, with companies raising $9bn.