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Our latest IPO Watch Europe report shows that the European market for company floats has suffered a difficult fourth quarter of 2011, rounding off a tough year for IPOs across the region. 78 IPOs raised just €866m, an 81% decrease in offering values compared to the third quarter of 2011 and 83% down year on year.
London dominated activity in a muted quarter, raising €800m, 92% of total European IPO value, with the London IPO of Polymetal raising €421m, 49% of all value raised in Europe. Quarter four of 2011 has seen companies undecided on IPO timing because of the troubled market conditions and whilst companies are still looking to raise money, volatility continues to destabilise an already fragile market and unsettle potential investors.
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