IPO Watch Europe Q1 2016

Pause button pressed on IPO market but hopes remain for the second half of 2016


Highlights:

  • Globally, 2016 saw the slowest start to a year since Q1 2009
  • European IPO proceeds down nearly 80% to €3.5bn compared to Q1 last year
  • London dropped 50% year-on-year mirroring similar declines across all of Europe
  • At least nine European IPOs were publicly postponed or withdrawn in Q1

“This quarter has proven to be challenging for IPO activity but that’s not to say we don’t see a diverse pipeline for the end of 2016 and early 2017. But with the EU referendum looming, uncertainties still remain, and we do not expect to reach the €10bn mark before the summer break.”

Mark Hughes, Capital Markets leader, PwC