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 equity capital markets 2020: London Main Market and AIM IPOs and secondary offerings, standard listings and SPACs—COVID-19/Brexit impacts, key deals, regulatory changes and the 2021 outlook

Published by a LexisNexis Corporate expert

Practice notes

ARCHIVED: The Market Standards trend report

The Market Standards trend report explores activity across the UK equity capital markets (ECM), concentrating on deals completed in 2020 and setting them against 2018 and 2019 for context. It reviews 597 transactions on the London Markets overall, comprising 174 initial public offers (IPOs) and 423 secondary raises. Alongside analysis and commentary on both established and emerging themes, the report also offers perspectives on what may develop in 2021 and beyond.

What does the Market Standards trend report cover?

a three-year comparison of main market and AIM transaction volumes, market capitalisation and gross proceeds
standout 2020 deals, including The Hut Group’s £5.8bn dual-class share structure IPO; three £1bn+ GDRs by Chinese issuers on the Shanghai-London Stock Connect; Aveva’s £2.8bn rights issue; and Compass Group’s £2bn cash box placing and retail offer
in-depth sector breakdowns for IPOs and secondary offerings
an overview of the regions driving ECM activity
IPO statistics covering underwriting, lock-up arrangements and offer types
the effect of COVID-19 on the volume and structuring of secondary offerings
an assessment of the growing appeal of standard listings...

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Web page updated on 22/05/2026

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