Strong growth of IPOs in Europe in the third quarter and 2017 funding has already exceeded the overall value of 2016. According to the latest analysis "IPO Watch Europe" by PwC, the 74 European IPOs in the July-September period raised a total of 8,2, 115 billion euros, more than double (+3,8%) compared to the 52 billion raised by the 2016 IPOs in the same quarter of XNUMX.
The figure since the beginning of the year indicates that the funding of the 230 European IPOs in the first nine months of 2017 is equal to 28,3 billion, a value that already exceeds the total funding of the 197 IPOs for the whole of 2016, equal to 27,9 billion.
Confirming the trend recorded in the first few months of the year, the London Stock Exchange was the most active in the third quarter, with 27 IPOs raising 2,7 billion, 33% of all European funding in the period.
The most active sector is still the financial one, which represents 37% of European deposits, followed by the industrial sector (36%) thanks to the mega IPO of Landis & Gyr Holding AG on the Swiss market, and finally the telecom sector (13%).
The largest IPOs in Europe in the quarter were those of Landis & Gyr Holding AG on the Zurich Stock Exchange (raising of 2,1 billion), that of the telecom operator Play Communications SA on the Warsaw Stock Exchange (one billion) and that of Sherborne Investors Ltd in London (0,8 billion).
On the Italian Stock Exchange in the third quarter, 9 IPOs were staged - DoBank on the MTA segment and 8 on the Aim Italia market - for deposits of 885 million, with total deposits in the first 9 months amounting to 1,4 billion.
“The ferment of the IPO market on the Italian Stock Exchange continues also in the fourth quarter of 2017 with the debut on Piazza Affari of Pirelli, which represents the largest IPO in Europe in 2017 with raised funds of 2,3 billion – commented Christian Alessandrini, Capital Markets & Accounting Advisory Services Partner of PwC Italia – The numerous operations underway aim to ring the bell before the political elections expected in spring 2018”.
