IPO activity shows potential for 'thawing' in 2023

LSE remains dominant

Elliot Gulliver-Needham
clock • 2 min read

European and US IPO activity has shown “signs of thawing” throughout 2023, as the number of issuances slowly rise, according to data from PwC.

In PwC's latest IPO Watch, the firm revealed that the London Stock Exchange remained dominant on the European market both year-to-date and in Q3, delivering 94 follow-on equity transactions and raising £14.6bn this year. Market Movers Blog: Birkenstock prices New York IPO at $46 per share While the European market "remains subdued", the third quarter saw an uptick in IPOs, with 33 IPOs across Europe raising €4.6bn, up from last quarter, which saw 26 IPOs with a value of €2.1bn. The US also showed signs of recovery in Q3, with three large technology companies completing their IP...

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