IPO Watch Europe Q2 2016

Our latest IPO Watch predicts European IPO proceeds to be no more than €25bn by the end of the year

Our latest IPO Watch predicts European IPO proceeds are unlikely to exceed €25bn by the end of 2016 (less than half of 2015when €57.4bn was raised) following the UK’s vote to leave the EU, however, an uptick in activity towards the end of the year is expected if conditions improve.

• Q2 European IPO proceeds dropped 26% compared to Q2 last year, affected by global uncertainties including the EU referendum.
• London was especially impacted, down 75% to €1.2bn (£0.9bn) and representing only 11% of European activity.
• The rest of Europe fared better with IPO proceeds only down 6% to €9.7bn.
• Following the outcome of the EU referendum in the UK, PwC expects IPO candidates to return gradually to the market towards the end of the year and early 2017, provided investor confidence improves and market uncertainties subside.