Europe’s IPO Pipeline Expands as Volatility Ebbs, PitchBook Says

  • Firm sees over 370 European VC-backed firms likely to do IPOs
  • Backlog is weighted toward UK, pharma sector: analyst
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Higher valuations and subsiding volatility are laying the groundwork for a significant increase in initial public offerings in Europe this year, according to PitchBook.

The market research firm said that more than 370 European venture capital-backed firms have a high probability of undertaking first-time share sales in 2025, an increase of about 24% since April last year. A recovery in valuations and improved clarity on issues such as interest rates and geopolitics will aid activity, PitchBook said.