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Initial public offering (IPO) activity was weighed down by the economic and political issues in 2012, but the outlook for 2013 is encouraging.

2012 vs. 2011
| Five largest IPOs in Europe in 2012 | |||
| Company | Offering value €m | Exchange | Sector |
| MegaFon | 1,288 | London | Telecommunications |
| Telefónica Deutschland | 1,260 | Deutsche Börse | Telecommunications |
| Directline | 976 | London | Insurance |
| Ziggo | 804 | Euronext | Telecommunications |
| Talanx | 767 | Deutsche Börse | Insurance |
Sources: IPO Watch data

