The brakes have been slammed on stock market listings as inflation, the war in Ukraine and energy prices spook investors.
In the first three months of the year, 19 firms made their debut on the London Stock Exchange, raising £397m, according to accounting giant EY.
It marks a sharp fall from the same period in 2021 when 14 firms listed but raised £5.6billion – around 14 times more than this year.
Appetite for new firms also declined globally, with 321 listings in the first quarter of 2022 raising £41.8billion, half that of a year ago.
