Across Europe IPOs raised €14.7bn in Q2 2015 and €31.1bn year-to-date, down 34% on Q2 2014 and 8% on H1 2014 following the surge in activity across Europe last year.
Mark Hughes, Capital Markets partner said:
“We enter a period of uncertainty following the Greek referendum and wider concerns in the US and China may give rise to market turbulence and volatility. In this environment, a number of IPO plans may be derailed or postponed and in the short term we expect the summer holiday months to be relatively quiet. The pipeline for the second half of the year looks solid and we expect IPO activity to pick up towards the end of the third quarter.”