London was the European capital of cross-border shares in the stock market in the first half of the year, after global transaction prices doubled compared to last year.
According to the analysts of the Five Winds Asset Management fund, the London Stock Exchange was the main European destination for the cost of international volatile stocks, mainly due to the initial public offering (IPO) of shares of the Union Irish Banks (AIB).
As the global market rebounded in line with improved economic fundamentals and a relatively more regulated political environment, there were also two cross-border "floats" in London. It is more than during the same period last year.
Global cross-border IPO activity doubled from 29 deals in the first half of 2016 to 59 in the first half of 2017, at the same time, and their total cost doubled from 5.8 billion US Dollars to 12.2 billion US Dollars.
Nevertheless, the number of transactions in London remains significantly below the level of 2015, when 15 shares rose by 2.5 billion pounds.
Hong Kong remains the main venue for cross-border listings, with 24 shares in the first half of 2016. Such a result is a merit of the Chinese authorities, who seek to encourage a more mature stock market.