Companies have raised a record £27.9 billion through IPOs on the London Stock Exchange’s markets during 2006, with IPO fundraising by companies up 71 per cent on 2005. By the end of November, the total money raised by IPOs on the London Stock Exchange had already reached £25.8 billion. This exceeded the £18.4 billion raised during the same period through IPOs on NYSE and the £19.3 billion raised on the Hong Kong Exchange for the same period. In the period to the end of October 2006 (the latest figures available), £6.7 billion was raised through IPOs on Nasdaq.