Metal and mining companies from emerging markets continue to flock to the London Stock Exchange, with initial public offerings worth $2.5bn (€1.6bn) announced this week, while companies in other developing economy sectors prefer domestic listings due to the buoyancy of local markets.

Mexican precious metals group Fresnillo has said it aims to raise $900m when it floats on the LSE in May. JP Morgan Cazenove is sole bookrunner on the offer, while Canadian financial services group Canaccord Adams, Citigroup and UBS are co-lead managers.