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Stars: three biggest deals on the London Stock Exchange in the first half of 2020 worth 25.1 billion



Although it remains a dominant player in the market, the London Stock Exchange suffered a severe blow in the first half of 2020. Between January and June, the number of companies London fell to the highest level in five years, while their market capitalization fell by $ 953 billion in the midst of the coronavirus crisis.

Fears surrounding the COVID-19 pandemic have also affected IPO activity on the London Stock Exchange. Nonetheless, some companies managed to raise significant new capital through their IPOs, mergers and acquisitions in the first months of 2020.

According to data presented by, the three biggest bids on the London Stock Exchange in the first half, it reached £ 25.1 billion in opening market capitalization price.

Flutter Entertainment and the Stars Group merger worth £ 13.9 billion

Flutter Entertainment and Group of stars merger tops the list of hottest deals in H1 2020, with £ 13.9bn in market capitalization upon admission to the London Stock Exchange. The two giants have officially finished May 5, just weeks after the agreement was approved by shareholders of both companies.

Flutter Entertainment ad the Stars group merger last year to expand its reach into the US sports betting and online gaming markets. The agreement joins Stars Group FanDuel, FOX Bet and online gaming sites PokerStars and PokerStars Casino with the impressive portfolio of Flutter, including the European sports betting giant Paddy Power Betfair, becoming the world’s largest games company. Flutter owns 55% of the newly merged company with Group of stars keep the remaining 45%.

In February, they combined Just Eat and the shares start trading with nearly £ 10bn in opening market capital, the second-largest deal on the London Stock Exchange in the first half of 2020. The two merged companies have said they will use the capital and issuance of convertible bonds for business development, to repay debt and for other business purposes and potential acquisitions.

Eat just Jitse Groen, Managing Director, said: “The listing marks the ‘start of a new era’ for the company. Eat just the merger provides the scale which is a necessary condition to remain competitive in a globalized environment. However, our ambitions go much further. We intend to lead the industry, which means not only providing the absolute best product for consumers and restaurants, but also a commitment to our social responsibility. “

The biggest IPO of the first half of 2020

In February, a Manchesterthe smart meter company, Calisen, had successfully registered on the London Stock Exchange with a valuation of £ 1.3 billion, the third largest deal in the first half.

Bert Pijls, CEO of Calisen, said: “Today marks the start of an exciting time for Calisen, with new capital to support our next phase of growth as a listed company on the London Stock Exchange. We are proud to be a major employer in the North England and will continue to play an important role in supporting Great Britain digital energy transformation. “

The company, backed by majority shareholder KKR Evergreen Aggregator, a US buyout group, has raised £ 328.79million by listing with shares priced at 240 pence a share.

The full story can be read here:

Contact: Adam grunwerg

Psychic Ventures Ltd

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