Lockdown Winners Drive Europe’s IPO Market to Surpass 2019
- U.K. leads way with more than $11 billion of deals this year
- By number of deals, Oslo is busiest venue in Europe for 2020
This article is for subscribers only.
The European market for initial public offerings raised more money than in 2019, defying the coronavirus crisis and nail-biting Brexit negotiations this year, led by companies that benefited from pandemic-induced lockdowns.
European exchanges hosted 161 IPOs and counting, worth a combined $28.3 billion, surpassing the $26.7 billion raised over 136 listings in 2019, according to data compiled by Bloomberg. This remains only a fraction of global issuance, blown out of the water by the 893 deals worth $134.3 billion in the Asia Pacific region and the record-busting $174.1 billion raised in 483 U.S. deals.