IPO Watch Europe

Last ned IPO Watch Europe (861 kb)

About IPO Watch Europe
IPO Watch Europe surveys all new primary market equity IPOs on Europe’s principal stock markets and market segments (including exchanges in Austria, Belgium, Denmark, France, Germany, Greece, Holland, Ireland, Italy, Luxembourg, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the UK) on a quarterly basis. Movements between markets on the same exchange and greenshoe offerings are excluded. All market data is sourced from the stock markets themselves and has not been independently verified by PricewaterhouseCoopers LLP.

Overview of the Results
London continued to be the most successful European market for Initial Public Offerings (IPOs) in 2008 with an increased market share by offering value of 64%, despite suffering a major decline in the volume and value of its IPO activity during the year. Even in a dismal year for IPOs, due to the loss of confidence in the capital markets and the global economic crisis, London also continued to attract the majority of international offerings on European exchanges with 55% of the 81 completed and four of the top five by value, according to PricewaterhouseCoopers IPO Watch Europe review of 2008.

The Oslo exchanges (Børs and Axess) together hosted 14 IPO's raising €65m in 2008. This represents a sharp fall in the folume and offering value of IPO's when compared to 2007 which saw €1,993m raised from 37 IPO's.

Other highlights of 2008 included in the review are;

• In 2008 only three of the top 10 largest IPOs raised over €1billion whereas in 2007 all of the top 10 raised at least this amount;
• The Warsaw exchange, one of Europe’s youngest markets, ended up in second place after London in both volume and value terms, hosting or co-hosting two of the top 10 offerings;
• The two leading sectors for IPOs by volume were industrial goods and services and investment companies, although both saw a major decline in volume terms from the previous year. London accounted for 82% of the offering value of the 60 IPOs in the industrial goods and services sector. Despite the crisis in the financial services sector, there were 50 investment company IPOs and four of the top 10 by value in Europe fell into this category.