SCOTLAND is poised for an increase in initial public offering (IPO) activity as the third quarter of 2017 saw a number of businesses bring their planned listing forward, according to EY’s IPO Eye, released yesterday.

Mike Timmins, EY partner and IPO leader in Scotland, said: “IPO activity across the UK market in the third quarter experienced a significant uptick.

“In Scotland, the IPO of Quiz Clothing, which is trading well above its admission price, has signalled renewed confidence and could act as a stimulus for other Scottish headquartered businesses to follow suit. We expect that Q4 2017 will be the most active quarter of the year with a number of Scottish companies also close to announcing their intention to float.”