London Stock Exchange Group chief executive David Schwimmer said the market for Initial Public Offerings (IPOs) in London and elsewhere around the world should recover from current lows caused by concerns about rising interest rates and geopolitical and economic instability.
Listings worldwide have been subdued for the last 18 months amid investor concerns about rising interest rates and inflation.
"IPOs will come back, when the environment stabilises and improves," he told Reuters in an interview in Singapore.
LSEG bought Refinitiv for $27 billion in early 2021, turning the exchange into a major market data company overnight to challenge rival Bloomberg.
Thomson Reuters, the parent company of Reuters News, holds a minority stake in LSEG following the Refinitiv deal.
A new foreign exchange trading platform with capabilities for non-deliverable forwards (NDFs) launching this year in Singapore will be "ten times faster", Schwimmer told Reuters.
NDFs are an efficient way to hedge foreign exchange exposure against non-convertible currencies in illiquid markets, LSEG said earlier this year.
The data and analytics unit is LSEG's largest division that makes up about 70% of its revenue and includes its flagship Workspace product, which provides financial and real-time data and news, including exclusive access to Reuters News.
