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Europe's Tech IPO Market `More Favorable' Than U.S.

  • Zennstrom says valuations in Europe more favorable than U.S.
  • Says institutional investors now supporting European tech
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Zennstrom discusses plans to see French President Emmanuel Macron, and talks about the backlash against big tech.(Source: Bloomberg)
Corrected

Europe’s stock exchanges now offer a more favorable environment for technology companies to list their shares than the U.S., Skype co-founder and venture capitalist Niklas Zennstrom said.

Speaking to Bloomberg’s Caroline Hyde Wednesday at the Sooner Than You Think conference in Paris, he said this was because the valuations of venture capital-backed private tech firms were more reasonable than their equivalents in the U.S.