IPO Watch Europe – Q2 2007

July 2007

The value of Initial Public Offerings (IPOs) listed in London increased by 129% in the second quarter (April-June) compared with the same period a year ago, according to the latest PricewaterhouseCoopers LLP quarterly IPO Watch Europe survey. The survey, which tracks the volume and value of IPOs on Europe’s main stock exchanges, showed that London was the largest market in terms of offering value and volume in the quarter, with 102 IPOs raising €14,808m compared with 108 IPOs raising €6,454m in 2006.

London’s Main Market hosted the largest two of the top five European IPOs in the quarter, both out of Russia. The biggest, VTB Bank, raised €4,724m, followed by AFI Development, a real estate company which raised €1,135m. The third, Prysmian SpA, an Italian cable manufacturer, raised €1,080m. Euronext hosted the fourth, raising €1,056m for Rexel SA, a French distributor of electrical installation supplies. The fifth largest was Gerresheimer AG, a pharmaceuticals products company, raising €880m on Deutsche Börse.

For a full analysis read the news release