IPOs in Europe - statistics & facts
The European IPO market in 2023 witnessed modest recovery, but activity remained subdued compared to its 2021 and pre-pandemic highs. Across leading exchanges - Euronext, the London Stock Exchange (LSE), Frankfurt Stock Exchange, Nasdaq Nordic, and SIX Swiss Exchange - approximately 19 billion euros was raised in 2023, a stark contrast to 65 billion euros in 2021. Global economic headwinds, inflationary pressures, and rising interest rates dampened investor sentiment, leading to fewer large IPOs than in past years. Globally, Europe’s IPO volumes lagged significantly behind the U.S. and Asian markets. The U.S. markets, for instance, saw a resurgence of activity, fueled by tech IPOs like Arm Holdings' 5.2 billion U.S. dollars IPO.
