According to PitchBook, Europe has seen just 26 venture capital-backed IPOs this year, compared to 70 in the U.S. and 92 in China.
According to data from capital markets research firm PitchBook, Europe has seen just 26 venture capital-backed IPOs this year, less than half of those in the U.S., 70, and less than a third of China's 92. And European tech IPOs fetched a total value of just $6.7 billion year-to-date compared to $72.8 billion in China and $118.19 billion in the U.S., with a strong reception from investors, netting about £920 million on the day of its IPO.
While there have been impressive flotations from European tech companies over the past few years, "the frustrating thing is many of them are choosing to go public in the U.S. rather than in Europe," Chandratillake said. Namely, more firms are turning to New York rather than London, Frankfurt or Amsterdam.Research by McKinsey suggests some underlying issues may be to blame.
— which give staff the ability to own shares in their company — are fragmented and less favorable than in the U.S. An IPO is considered an important "liquidity event" for employees and early investors, as it allows them to cash in their holdings.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China warns U.S. it may detain Americans over prosecutions: WSJThe Chinese government has warned Washington it may detain Americans in China in response to the Justice Department's prosecution of Chinese military-affiliated scholars, the Wall Street Journal reported on Saturday.
Read more »
China warns U.S. it may detain Americans over prosecutions - WSJThe Chinese government has warned Washington it may detain Americans in China in response to the Justice Department's prosecution of Chinese military-affiliated scholars, the Wall Street Journal reported on Saturday.
Read more »
Mainland China reports 13 new COVID-19 cases vs 13 a day earlierChina reported 13 new coronavirus cases in the mainland for Oct. 17, the same as a day earlier, the health commission said on Sunday.
Read more »
China September industrial output rises 6.9% year-on-year; retail sales up 3.3%China's industrial output in September rose 6.9% from a year earlier, data showed on Monday, expanding for the sixth straight month in a boost to an economy recovering from the coronavirus shock.
Read more »
Asia's currencies edge higher as China rebound gathers steamAsia's trade-exposed currencies inched higher on Monday as China's rebound from the COVID-19 pandemic stayed on course last quarter, even as caution about the U.S. election outcome kept the U.S. dollar supported against other majors.
Read more »
Amid tensions with China, India warns Amazon, Flipkart over country of origin ruleThe Indian government has warned Amazon.com's local unit and Walmart's Flipkart that sellers on their platforms are not complying with a rule requiring that a product's country of origin be specified.
Read more »