IPOs stage fall comeback in Europe
Adds Zabka, Applied Nutrition debuts; detail on Sveafastfighter, Tandem
Oct 28 (Reuters) -Initial public offerings (IPOs) are slowly coming back in Europe after a summer lull.
Swedish real estate groupSveafastfighter priced its IPO at 3.5 billion crowns ($330.59 million), as it plans to debut in Stockholm by the end of the year, while Spanish energy and water utility Cox Energy plans to raise 300 million euros ($328 million).
British sport nutrition firm Applied Nutrition IPO-APPL.Lrose 7% on its London debut in October following an IPO in which it raised 157.5 million pounds ($204.39 million).
However, Spanish frozen bakery producer Europastry and fashion retailerTendam pulled theirIPOs,citing market instability.
Proceeds from IPOs across Europe have more than quadrupled year-on-year to 11.4 billion euros in the first half of 2024, a survey by PricewaterhouseCoopers showed.
Here are some of the biggest IPOs carried out in Europe to date by value:
PUIG PUIGb.MC
The Luxury beauty and fashion group listed in Spain in May, raising 2.61 billion euros for Puig and its eponymous controlling family. Together with an over-allotment option, the total proceeds reached 2.74 billion euros, cementing Puig's IPO as the largest in Europe since 2022.
GALDERMA GALD.S
The skin care firm's IPO in March, which raised 2.3 billion Swiss francs ($2.7 billion), was the biggest offering in Switzerland since smart meter maker Landis + Gyr LANDI.S raised a similar sum in 2017.
CVC CAPITAL PARTNERS CVC.AS
The private equity group's IPO raised 2.3 billion euros in April, valuing the Dutch firm at around 14 billion euros.
ZABKA GROUP ZAB.WA
The Polish convenience store group Zabka made its debut in Warsaw in October in the biggest IPO since Allegro's ALEP.WA flotation in 2020. The firm, valued at 21.5 billion zlotys ($5.34 billion), raised 6.45 billion zlotys via the offering.
DOUGLAS DOU1.DE
The German cosmetics retailer, backed by CVC Capital Partners and the Kreke family, carried out an 890 million-euroIPO and made its return to the Frankfurt Stock Exchange in March.
ATHENS INTERNATIONAL AIRPORT AiAr.AT
The January IPO of Greece's largest gateway for tourists marked the first successful major offering in Europe this year. Greece's privatisation agency raised 785 million euros from the sale, making it Greece's biggest IPO in 15 years.
SPRINGER NATURE SPGG.DE
German academic publisher Springer Naturedebuted in Frankfurt in early October after an IPO that was set toraise up to 602 million euros.
RENK R3NK.DE
The German tank gearbox manufacturer's IPO raised around 500 million euros in early February. Its owner, private equity group Triton Partners, placed 33.33 million Renk shares with institutional investors.
EXOSENS EXENS.PA
The French optical component firm debuted on Euronext Paris in June, after an IPO that raised around 350 million euros.
PLANISWARE PLNW.PA
The French software firm's IPO raised a total of about 278 million euros in April, in the largest initial offering on the French bourse in the last three years.
($1 = 0.9142 euros)
($1 = 0.8603 Swiss francs)
($1 = 4.0267 zlotys)
($1 = 10.5870 Swedish crowns)
($1 = 0.7706 pounds)
Compiled by Julia Kotowska, Anna Pruchnicka and Mateusz Rabiega in Gdansk; editing by Milla Nissi and Sharon Singleton
Aset Terkait
Berita Terbaru
Pengungkapan: Entitas XM Group menyediakan layanan khusus eksekusi dan akses ke Fasilitas Trading Online kami, yang memungkinkan Anda untuk melihat dan/atau menggunakan konten yang tersedia pada atau melalui situs, yang tidak untuk mengubah atau memperluas, serta tidak mengubah atau memperluas hal tersebut. Akses dan penggunaan ini selalu sesuai dengan: (i) Syarat dan Ketentuan; (ii) Peringatan Risiko; dan (iii) Pengungkapan Penuh. Oleh karena itu, konten disediakan hanya sebagai informasi umum. Anda juga harus ketahui bahwa konten Fasilitas Trading Online kami bukan sebagai ajakan atau tawaran untuk untuk melakukan transaksi apa pun di pasar finansial. Trading di pasar finansial mana pun melibatkan tingkat risiko yang signifikan pada modal Anda.
Semua materi yang diterbitkan di Fasilitas Trading Online kami hanya untuk tujuan edukasi/informasi dan tidak boleh mengandung nasihat dan rekomendasi finansial, pajak investasi atau trading, catatan harga trading kami, penawaran, permintaan, transaksi dalam instrumen finansial apa pun atau promo finansial untuk Anda yang tidak diminta.
Konten pihak ketiga apa pun, serta konten yang disiapkan oleh XM, seperti opini, berita, riset, analisis, harga, informasi lain atau link ke situs pihak ketiga yang tersedia "sebagaimana adanya", sebagai komentar pasar umum dan bukan menjadi nasihat investasi. Sejauh konten apa pun ditafsirkan sebagai penelitian investasi, Anda harus memperhatikan dan menerima bahwa konten tersebut tidak dimaksudkan dan belum disiapkan sesuai dengan persyaratan hukum yang dirancang untuk mempromosikan kemandirian riset investasi dan dengan demikian akan dianggap sebagai komunikasi pemasaran di bawah hukum dan peraturan yang relevan. Mohon dipastikan bahwa Anda telah membaca dan memahami Notifikasi pada Riset Investasi Non-Independen dan Peringatan Risiko kami mengenai informasi di atas, yang dapat diakses disini.
