Europe’s IPO Comeback Sputters as Market Turmoil Slows Deals
This article is for subscribers only.
A long-winded recovery in European initial public offerings is unlikely to gather pace until the second half of the year, with febrile markets pushing some listing hopefuls to pause or abandon their plans.
Market participants had expected a busier start to the year, driven in part by growing pressure on private equity groups to return capital to their funders. Instead, first-quarter deal volume of around $3.9 billion is more than a third lower than the same period in 2024, with exchanges such as Frankfurt and Milan seeing no new listings, according to data compiled by Bloomberg.