Euro­pean IPO val­ues slump

Irish Independent - Business Week - - FRONT PAGE -

THE amount of money raised in Euro­pean IPOs fell 53pc year-on-year in the third quar­ter. PwC’s lat­est IPO Watch Europe re­port said €3.9bn was raised, with a lack of so-called mega

IPOs spurring the fall. SIG Com­bibloc Group on the SIX Swiss ex­change was the only list­ing larger than €1bn at €1.7bn. This was the sec­ond­largest IPO of 2018, be­hind Siemens Health­i­neers in the first quar­ter which raised €3.7bn.

“Geopo­lit­i­cal head­winds and the sum­mer hia­tus muted ac­tiv­ity in Q3, with Euro­pean IPO val­ues at their low­est lev­els for two years. How­ever, the pipe­line go­ing into Q4 looks rel­a­tively healthy as volatil­ity con­tin­ues to be low and there a num­ber of megaIPOs ex­pected, said De­nis O’Con­nor of PwC Ire­land.

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