The London Stock Exchange's (LSE) proceeds from initial public offerings (IPOs) have gone up by 37% compared to the last quarter.
PwC's Q2 2013 IPO watch Europe survey shows the total proceeds raised for IPOs across 12 European exchanges was €5.2 billion, up from €3.2 billion in Q1 and €838 million in Q2 2012.
The survey also found the LSE raised €2.5 billion in Q2, compared to €1.8 billion in Q1 - just under half of overall proceeds raised. It was followed by NYSE Euronext, which raised €922 million in Q2, or 18% of overall proceeds, up from €3 million in Q1.
Deutsche Börse saw a fall in capital raising from the previous quarter, with IPO value falling from €1.1 billion in Q1 to €714 million in Q2.
However, value raised by the three biggest exchanges was substantially higher than the same time last year. LSE raised €326 million in Q2 2012, while NYSE Euronext raised €43 million and Deutsche Börse raised €35 million.
The US out performed Europe, raising €10.1 billion in Q2, an increase of 70% from €5.8 billion in Q1.
The PwC report said the US was spurred on by the technology and healthcare sectors, which accounted for 52% of IPOs.
On a year-over-year basis, excluding the Facebook IPO, total proceeds in the US has increased by 100%, it said.
When looking at volume in Europe, the LSE also topped the list with 25 IPOs, up from 13 in Q1. Warsaw was second on the list with 18, up from two in the first quarter, while NASDAQ OMX had 10 IPOs, compared to 13 in the last quarter.
The top five IPOs in Q2 were bpost, Platform Acquisition Holdings, Partnership Assurance Group, Kion Group, and CVC Credit Partners European.