The proceeds raised from European IPOs in the third quarter (Q3) of 2024 fell by 92% compared to the same period last year marking it as the first this year to see a fall in IPO activity according to figures from PwC’s latest IPO Watch EMEA. Numerous elections across the region including in the UK, France and EU are believed to have caused companies to delay their listings.
Overall, Europe saw eight IPOs raising €0.3bn, a decrease of €3.3bn compared to the same period last year and a fall of €6.3bn compared to the previous quarter. However, year-to-date, European IPO proceeds are still outperforming last year with €11.8bn raised compared to €6.1bn at the same point in 2023.
Despite the quieter quarter in Europe three significant IPOs launched in Europe in September including the IPO of Springer Nature in Frankfurt (priced early October), Europastry on the Madrid Stock Exchange and the Zabka IPO in Poland. Reform of the…
