London’s main market will finish the year at its lowest position in the European rankings by value of listings since 2009 after failing to make up the ground it lost as an IPO destination in the summer.

With just one working day left of 2016, IPOs on the London Stock Exchange during the year total $5.3 billion, according to data firm Dealogic. That leaves London's main market behind Frankfurt Prime, which hosted $5.7 billion of IPOs, and Copenhagen, home to $5.9 billion of floats. AIM, London's junior market, ranks seventh with listings worth $1.4 billion.