Deals
Europe Tech IPOs Are Beating Silicon Valley Victims of Own Hype
- European investors take a longer view when looking at prices
- Oberthur Technologies planning year's biggest Europe tech IPO
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For investors craving that old Silicon Valley standby, harvesting fast money from an initial public offering in technology, the place to look right now is Europe.
With companies from Paris to London and Berlin raising record money, newly listed stocks have rallied 20 percent in the month following their IPO, eclipsing the 6.7 percent gain for those in the U.S., based on weighted averages. A big reason: initial valuations are almost half those of their American counterparts.