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Succeeding in uncertain markets

Deloitte ECM update | Summer 2022

Welcome to this twelfth edition of the Deloitte ECM update. Since 2016, our update has been providing commentary and analysis of the performance and trends in London’s equity capital markets, together with consideration of current hot topics in ECM.

Following the exceptional year which was 2021, the markets have largely ground to a halt in the first half of 2022 in the context of extraordinary macroeconomic and geopolitical uncertainty.

We are delighted to include interviews with Charlie Walker, Head of Equity and Fixed Income Primary Markets at the London Stock Exchange, who highlights the latest developments from the London Stock Exchange; and Vivienne Machlachlan, CFO at ThomasLloyd Group, who provides her perspective on her recent experience listing an ESG fund, ThomasLloyd Energy Impact Trust plc (LSE: TLEP).

We also explore some of the key market trends and regulatory updates, including SPACs, the growth of ESG funds as a category, and tax implications of last year’s reforms to the London listing regime, specifically relating to the change in free float requirements.

We hope you enjoy reading this edition of the Deloitte ECM update.

UK Equity Capital Markets update - Summer 2022

About Deloitte ECM

Our dedicated team of over 120 ECM professionals provide specialist expertise across the lifecycle of an IPO, SPAC transaction, class transaction, or equity fundraising. We have had a role in a majority of the largest Main Market transactions in recent years, helping UK and international businesses to maximise shareholder and stakeholder value, and navigate each stage of the process of raising equity capital in London and the global capital markets.

Our core services include:

  • IPO readiness
  • Reporting accountant
  • ECM assist
  • Transaction management
  • Structuring
  • SPACs
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