London: The London
Stock Exchange has reported record first-quarter revenue of 100.1 million pounds
($203 million) on Wednesday.
revenue for the three months ended June, the first quarter of its financial year,
rose 19 percent from a year earlier as initial public offerings (IPOs) hit their
highest level in six years.
LSE said revenue from its issuer services rose 35 per cent to a record 19.4 million
pounds in the first quarter as 128 IPOs raised a total of 10.2 billion pounds
was more than double the 4.7 billion pounds raised by 138 IPOs in the same quarter
last year. There were 43 IPOs on the main board in the first quarter, the highest
level in six years.
LSE announced its takeover of Borsa Italiana on 23 June.