In fact, 2014 IPO activity has almost quadrupled compared to last year. In the nine months to September 2014, ?31.8bn has been raised by 289 companies. Mark Hughes, partner in the UK Capital Markets Group at PwC, said: “The European IPO market performed strongly against a backdrop of geo-political uncertainty in the Ukraine and the Middle East and, closer to home, the Scottish Referendum. “While we have seen a promising start to the final quarter with a number of large IPOs completing there are a number of warning signs on the horizon. However, if the markets continue to be receptive to IPOs, the fourth quarter should surpass the ?15bn (?11.8bn) raised in Q4 2013.” The exchanges of London, Milan and Euronext accounted for the majority of proceeds raised in the quarter, together contributing over 70 per cent of the total IPO proceeds in Q3 2014. Euronext saw eight IPOs, with the largest IPO of the quarter, NN Group, contributing almost 90 per cent of exchange proceeds. Milan raised ?1.1bn (?0.9bn) from ten IPOs and London continued to be the busiest IPO centre in Europe with 23 companies. Financials dominated the quarter, contributing nearly half of the proceeds raised, with 14 companies raising ?3.1bn (?2.4bn) and four IPOs in the top ten. Global IPO activity year to date stands at its highest level since PwC started publishing ‘IPO Watch‘. By Shan? Schutte
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.