Quarterly survey tracking the volume and value of IPOs on Europe's main stock exchanges. Compiled by our London Capital Markets Group, it surveys all new primary market listings on Europe's principal stock markets.
IPO activity rapidly materialised after the Christmas break, almost taking the markets by surprise as companies moved quickly to take advantage of the uptick in the FTSE index and low volatility.
Although, economic and political conditions remain challenging across Europe, the outlook for Initial Public Offerings (IPOs) is more optimistic than we’ve seen for a long time. The value of IPOs in Europe increased by more than seven-fold year on year in the fourth quarter of 2012, making it the strongest performance since the third quarter of 2011. Overall 70 IPOs raised €7.5bn in the fourth quarter of 2012 compared with 78 IPOs raising €0.9bn in the same period in 2011. In this video Mark Hughes looks at the findings of our latest IPO watch survey.
An overview of the European and global IPOs in 2012
In Q3 2012, PwC’s IPO Watch Europe survey reported 57 IPOs raising €4.4bn, compared with 81 IPOs raising €0.7bn in Q2 2012 and 121 IPOs raising €9.4bn in Q3 2011. The third quarter was dominated by the listing and capital raising of Sberbank, the largest commercial bank in Russia, which raised €4.0bn in September.
IPO markets return to the doldrums in the face of global growth uncertainty.
Quarterly survey tracking the volume and value of IPOs on Europe's main stock exchanges.
A bright beginning to 2011 proved to be something of a false dawn for the IPO market. A total of €16.3bn was raised in the first half of 2011 across the European markets compared to €10.2bn in the last six months of 2011 as markets failed to ignite after the summer as hoped, due to the heightened economic uncertainty in Europe.
The success of the initial public offering (IPO) market for the whole of 2011 will be decided within the next few weeks.
London dominates as European IPOs are boosted by natural resource demand in a hostile market
The offering values of European initial listings quadrupled in the last quarter of 2010 over the previous quarter, led by initial public offerings (IPOs) in London.