Europe’s Battered IPO Market Sees Early Signs of a Revival
- Demand exceeds offerings as Galderma, Douglas set price ranges
- Value of announced IPOs more than doubles from 1Q last year
The total value of IPOs announced this year has more than doubled to $5.5 billion compared to the first quarter of 2023.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Stock listings from a handful of big companies have put Europe’s initial-public offering market on track for a revival following two years of pulled deals and weak trading debuts.
The total value of IPOs announced this year has more than doubled to $5.5 billion compared to the first quarter of 2023, according to data compiled by Bloomberg. Skincare company Galderma Group AG and perfume retailer Douglas are among firms to start marketing share sales this week. In both cases, demand far exceeded the deal size within hours of orders being opened.