• 08-APR-2014

  • By PwC

PwC expects surge in European IPOs to continue

IPO Watch Europe Survey --Q1 2014
• Q1 2014 European IPO proceeds of €11.4bn exceed first quarters of previous four years combined.
• Retail IPOs led the way in Q1 – eleven IPOs raising €2.8bn. Eight of them were in London and accounted for virtually all of the sector proceeds.
• The pipeline for Q2 includes at least 25 European companies, raising a potential €3.8bn in proceeds alone and indicating that Q2 proceeds could exceed €10bn.
• At least 15 IPOs with over €250m proceeds are planned before the end of the summer.

London, 9 Apr 2014‑‑Renewed vigour in the European IPO market has meant cash raised by companies going public in the first quarter of 2014 has exceeded Q1 values for the previous four years in aggregate, generating €11.4bn, says PwC's IPO Watch report, published today. This comes in the wake of 2013 European IPO proceeds increasing by 135% to €26.5bn.

This increase follows a busy final quarter of 2013 which saw over 100 companies successfully float and accounted for more than half the total proceeds raised for the whole year