AA-rated Brown: 'People only remember UK IPO flops'

Today we’re looking at the UK IPO market, which has come under scrutiny of late - largely due to Deliveroo’s car crash of a listing earlier this year. Clearly there are major risks with new flotations. There’s no track record under more onerous reporting standards, and there can be liquidity issues. However, it’s not all doom and gloom. Research from AJ Bell in June suggested that UK IPO’s had reported an average 24% gain by the half year point. I spoke with Citywire AA-rated Oliver Brown, manager of the MFM UK Primary Opportunities fund, who believes that investors should be taking more notice of IPOs.