This is the best result since the first quarter of 2000, when the value of the IPO was over 27 billion.
The result of the first quarter of this year is not only about 44 percent. higher than in the same period of 2014 (11.4 billion euros), but also higher than the value of IPOs from all over the second half of last year (15.8 billion euros).
In contrast to last year, when the IPOs upped the London Stock Exchange in the first quarter of this year, the vast majority of IPOs took place in continental Europe. London accounted for 28 percent of the time. stock market debuts.
many as four of the five largest IPOs in this period took place on the continent, including the largest of them – the privatization of Spanish airport operator Aena, which reached 3.9 billion. It was also the largest stock market debut in Europe since the Glencore IPO traderskiej company in May 2011.
W Overall, in continental Europe, the total value of IPOs reached 11.7 billion, more than twice the previous year. In addition to Madrid, stood out in this period the stock exchanges in Amsterdam (Euronext) and Zurich (SIX).
London debuts this time were worth 4.6 billion euros compared to 5.9 billion a year ago. Then represented as many as 52 per cent. the value of all European IPOs. Of this year’s biggest debuts in the UK was automotive portal Auto Trader, who won the market of 1.9 billion.
” While falling oil prices had a significant negative impact on the condition of the companies in the oil sector, they also have a positive impact on the industries whose energy costs are a major part of the balance sheet, such as heavy industry, but also logistics and air transport. Example is the successful debut of Wizz Air in London “- believes director. PwC capital markets Viv Maclachlan.
dominant influence on this year’s debuts were private equity funds, which accounted for 63 percent. IPOs. As many as seven of the ten largest IPOs had support from these entities.
According to experts from PwC, boom European stock markets for public offerings continues in the coming months of this year. “We expect that one of the key story of this year will be the initial offerings emitted from the structures of large corporations in response to the good times and the need for disinvestment stock market due to the crisis. Recent months have shown, however, that investors observe critically exchange valuation, hence, potential issuers may also consider alternative ways to obtain the desired value, “- said the director. British capital market in PwC Mark Hughes.
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