Stock market floats -- Good for brokers, disastrous for investors

Business A staggering £9.2Bn has been lost by investors over the last five years, simply by believing the marketing nonsense of IPOs. The UK IPO market is in the doldrums, reaching a 11-year low. SCM Direct conducted a comprehensive analysis of the pitfalls of investing in Initial Public Offerings (IPOs) on the London Stock Exchange (LSE) over the last five years. Despite the marketing hype and so-called expert valuations of these issues to the public and institutions, they rarely live up to their outlandish promises. Our analysis of 216 IPOs listed on the LSE over the last five years (some of which have become bankrupt or…