Europe’s market for initial public offerings has made its strongest start to a year since the pandemic, as new highs for stocks and the prospect of interest rate cuts raise hopes for a sustained recovery in listings.
Europe ’s market for initial public offerings has made its strongest start to a year since the pandemic, as new highs for stocks and the prospect of interest rate cuts raise hopes for a sustained recovery in listings. Companies have raised $3.2bn in Europe an IPO s since January, more than double the amount over the same period last year, a performance that puts the market on track for the best first quarter since 2021, according to data from the London Stock Exchange Group .
The market was given fresh momentum last week after two private-equity owned companies set out IPO plans in a bid to take advantage of the more benign conditions. Germany beauty retailer Douglas, owned by CVC, is aiming to raise €1.1bn on the Frankfurt stock exchange and is seeking a valuation of €6bn. Dermatology group Galderma, controlled by Swedish buyout group EQT, revealed it is seeking to raise $2.3bn in an IPO on the Swiss bourse. “We are at the early stage of a recovery in the IPO cycle,” said Suneel Hargunani, the co-head of equity capital markets for Europe, the Middle East and Africa at Citigrou
Europe IPO Market Pandemic Recovery Stocks Interest Rate Cuts Listings Companies London Stock Exchange Group Private-Equity Germany Douglas CVC Frankfurt Stock Exchange Valuation Dermatology Group Galderma Swedish Buyout Group EQT Swiss Bourse Suneel Hargunani Citigroup
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