Flotation fever hits crazy heights

“Another week, another batch of share market debutantes lines up,” says Patrick Hosking in The Times. The past few weeks have seen initial public offerings (IPOs) from Poundland, Pets at Home, appliance seller AO World and online fashion retailer Boohoo.com.

Online takeaway service Just Eat, Jimmy Choo shoes and the AA roadside rescue services are next in line.

London listings so far this year have been worth around $5bn, up from $456m by this stage last year. The IPO market hasn’t been this busy since 2007. It’s been a similar story in America.

A buoyant IPO [...]

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