IPOs: How to spot the winners and losers

The initial public offering (IPO) market has been buoyant since the start of the year, with a number of high profile companies raising new money in the equity market. The market's receptiveness to new issues is positive, suggesting there remains strong demand for quality equity. However, risks remain, particularly in the higher profile deals, where investor expectation may not match the longer-term prospects for a company.  Research by J.P. Morgan shows that, in the first half of the year, there were 57 IPOs in the UK, raising £10.9bn. This is an increase of 23% compared to that raise...