But, with EU referendum and then Brexit vote uncertainty, 2016 has been a slow year.
Dealogic figures for the year to 22 September show that 45 initial public offerings (IPOs) have launched, raising $3.9bn (£3bn).
This is down from 54 deals raising $9.5bn during the same period in 2015.
The report from Dealogic shows that the February flotation of Clydesdale and Yorkshire Bank (CYBG) has been the year’s biggest so far, raising $566m.
Hopes are high for the last quarter of 2016. Doughnut maker Krispy Kreme is planning to float next month.
And the City is eagerly anticipating a £5.5bn float by technology company Misys, which would be the biggest of the year.