IPO Watch Europe – Q1 2009 |
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IPO Watch Europe Survey Q1 2009
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European IPO markets suffer their worst ever quarter
April 2009
Europe’s Initial Public Offering (IPO) market has suffered its worst ever quarter with 18 listings in the three months up to 31 March raising just €9m, reflecting the continued worldwide loss of confidence in the capital markets, according to PricewaterhouseCoopers latest IPO Watch Europe survey.
The survey, which tracks the volume and value of IPOs around Europe, shows that volumes and values were massively down on the first quarter of 2008 which saw 72 IPOs raise €1,942m.
The total money raised in Europe was less than 1% of the figure recorded in the first quarter of 2008. Only 11 of the 18 IPOs that made it to market raised any money. The average amount raised was less than €1m compared with €34m in the same period a year ago.
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