The number of initial public offerings in London stayed mired in a 10-year low in the first half of the year, according to new data, with bankers and lawyers blaming Brexit for its “choke-hold” on companies’ appetite for new issuances.

The number of companies that listed on the London Stock Exchange in the first six months of 2019 plummeted to just 13, down from 38 during the same period in 2018, according to a report by Baker McKenzie, the law firm. The amount of capital raised dropped 46% compared with a year ago.