Companies that listed on the London Stock Exchange and its junior market raised almost seven times more this year than in 2009, according to new data that shows the extent to which the market for flotations has recovered.

Corporates raised £10.1bn from initial public offerings across the two exchanges this year, according to the London Stock Exchange, which is 573% up on the £1.5bn raised in 2009. The number of flotations quadrupled from 22 last year to 89 in 2010.