The European IPO – Initial Public Offerings market seems to show signs of vitality after a long period of stasis. In recent weeks, several society of heterogeneous sectors – from Fintech to defense, passing through software and energy – have undertaken the path of quotation, fueling the hopes of a wider wave of debuts on the stock exchange.
From Frankfurt to Zurich: the wave of the IPO
Among the most recent examples stand out Aveovio, supplier of car components born from the Spin-off of Continental, who landed on the Frankfurt Stock Exchange, and Swiss Marketplace Group, who chose the Piazza di Zurich. The latter, enhanced to 5.7 billion dollars, saw its actions rise beyond the placement price, an encouraging signal for investors.
Sweden protagonist
The ferment does not only concern Germany and Switzerland. Two weight debuts are expected in Sweden: the first is Verisure, a safety systems company supported by private equity funds, aims at a 3.1 billion euro collection to finance international expansion and reduce debt. In parallel, Noba, a Swedish digital bank, includes a 3.7 billion dollar operation on the Nasdaq Stockholm.
A new phase takes place
The relaunch of the European IPO comes after difficult months, in which the continent suffered the comparison with the US and Asian markets. Between January and August, North America has collected 17.7 billion dollars through 153 operations, against only 5.5 billion euros from 57 iPo in Europe (factor data).
Not surprisingly, some companies such as Stada and Olb have preferred to opt for private sales rather than facing the uncertainty of public markets. Still, signals of optimism are not lacking. The combination of low volatility and more attractive equity returns in euros, thanks to the weak dollar, is attracting US capital to Europe.
The gap with the USA
However, the gap remains far from the strong flow observed in the USA recently. Last week Pattern debuted on the Nasdaq with a capitalization of 2.5 billion dollars, which follows the debut on Netskope’s American tech list with an evaluation of 7.3 billion dollars and in the previous days Black Rock Coffee Bar (0.9 billion dollars) and Gemini (3.3 billion dollars).
Waterbridge (2.3 billion dollars), Stubhub (8.6 billion dollars), via Transportation (3.7 billion dollars) and above all Klarna with a capitalization of $ 15 billion, landed on the Nyse.
