IPO Watch Europe 2015 annual review

European IPO proceeds reached new highs in 2015, but market conditions likely to hinder activity in first half of 2016, says PwC’s latest IPO Watch.


Highlights:

  • European IPOs finished 2015 on a high with total annual proceeds up 16% (to €57.4bn) and average offering value* up 27% (to €248m) year on year
  • London IPO proceeds decreased by 16% as the London market was impacted by general election fears, Chinese contagion and tumbling oil prices
  • PwC’s London outlook remains cautious and less optimistic than this time last year, with overall proceeds expected to fall in 2016

"2015 was memorable by the number of mega IPO deals, raising €1+ bn. I believe it is these larger deals which will continue to dominate headlines this year."

Mark Hughes, Capital Markers leader, PwC