Jurisdiction(s):
United Kingdom

Key definition

Equity definition

What does Equity mean? In corporate finance practice, equity means the risk-bearing capital provided by a company’s owners, usually through ordinary shares, as distinct from debt finance. Equity holders have the residual interest in profits and assets: returns are by dividend or capital growth, and they rank behind all creditors on insolvency. Equity commonly carries voting and control rights and is subject to company law capital maintenance and distribution rules (for example, dividends only out of distributable profits and statutory pre-emption on new share issues unless disapplied). It is central to capital structure, M&A, venture capital and private equity transactions. Practitioners also describe certain...

UK ECM Trends 2016–2018: IPOs and Secondary Fundraisings on the Main Market and AIM; Brexit, Volatility, IPO Process Reforms, and Legal/Regulatory Developments to Q1 2019 [Archived]

Published by a LexisNexis Corporate expert

Practice notes

ARCHIVED:

This review of Trends in UK equity Capital Markets examines ECM activity in respect of IPOs and follow-on fundraisings across both the main market and AIM exchanges. It comprehensively evaluates data spanning 2016 to 2018 and considers ongoing relevant legal and regulatory changes in 2018 and the opening quarter of 2019. The report also provides a detailed exploration of the current hot topics in this field, including in particular the consequences of recent changes to the Main Market IPO timetable, notably market turbulence and brexit’s effect.

Key highlights of the report include:

a three-year comparison of IPO and secondary offering activity on the Main Market and AIM, concentrating on overall transaction volumes, gross proceeds and market capitalisation
detailed analysis of the headline IPOs during 2018
industry sector review, summarising emerging sector...

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Web page updated on 22/05/2026

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