The London Stock Exchange said yesterday that 2006 has already become a record year for money raised through initial public offerings it has handled.
So far this year, listings on the exchange's markets have raised £17.8 billion, exceeding the £17.4 billion obtained by flotations during the whole of 2000 during the technology bubble.
In July alone, the LSE had 25 IPOs, raising £7.4 billion between them. On the main market there were eight listings, three of which were international companies, raising £3.9 billion.
One of the international firms was Napo Pharmaceuticals, which became the first United States company to exclusively hold its IPO on London's main market when it listed on July 31.
London had already attracted secondary listings by US firms and several flotations on its junior Alternative Investment Market as American companies opted against domestic IPOs because of tighter regulation.
The five main market IPOs by UK companies in July raised a total of £3 billion, the best single month in terms of money raised since July 2000, LSE said.
On AIM, there were 17 IPOs last month, raising £563 million in total.
Away from IPOs, the total number of trades in UK equities during July was up 22 per cent on last year to 6.9 million, the LSE said. The total value traded in UK equities during the month was £214.9 billion.