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Peel Hunt Ltd on Monday announced an increased loss amid a low number of companies admitting their shares on the London Stock Exchange via an initial public offering. The London-based broker and investment bank said pretax loss widened to £3.5 million in the financial year ended March 31, from £3.3 million a year prior. Revenue climbed 6.4% to £91.3 million from £85.8 million. Administrative costs increased 6.6% to £93.9 million from £88.0 million. Peel Hunt said that it acted on two of the three prominent London market IPOs during its financial year, despite low levels of equity capital market activity. The company acted as joint sponsor and bookrunner to Raspberry Pi Holdings PLC on its UK Main Market IPO in June 2024. Raspberry raised £179 million at the IPO, according to Peel Hunt. Raspberry is a Cambridge, England-based provider of ‘costeffective, highperformance computing’. Further, Peel Hunt acted as sponsor and bookrunner to AOTI Inc at its IPO on the UK AIM Market also in June last year. AOTI raised £35 million at the IPO. AOTI is an Oceanside, California-based wound healing-focused medical technology company. The company said: ‘Ongoing uncertainty continued to weigh on equity capital markets activity during the period, driven by geopolitical risks, elections, stagflation fears and US trade tariffs. Our diversified offering meant we were able to support clients through these changing market conditions. Despite the backdrop, we achieved some significant milestones during FY25; acting on the most successful European IPO of the year and on our largest merger & acquisition transaction to date, as well as taking the retained corporate client base to 52 FTSE 350 companies, including five FTSE 100 companies.’ Looking ahead, the company said following challenging market conditions, financial 2026 has started ‘more positively’ as the Trump administration in the US has agreed to trade deals, including with the UK. Peel Hunt added: ‘We are seeing a rotation out of US assets into Europe and greater institutional positivity towards the UK. Equity capital market activity in the UK remains generally subdued but could gain traction should macroeconomic conditions continue to stabilise. Meanwhile our merger & acquisitions franchise remains highly active with a strong pipeline of transactions.’ Peel Hunt shares rose 1.7% to 89.00 pence each on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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