The performance of the London IPO market may not have lived up to high expectations, but has not...

|By:, SA News Editor

The performance of the London IPO market may not have lived up to high expectations, but has not been all bad. The start of the year saw 3 deals pulled and several price failures, yet, of the 16 major IPOs, 12 are trading higher than initially priced. Key for 2011: commodity house Glencore and the U.K. unit of Banco Santander (STD).