gave IPOInitial public offerings that aim to go public have literally exploded this year. Total value of IPOs in the first half of the year In Europe was equal to 13.6 billion euros26% higher than the total value for the whole of 2023 and 246% higher than the first six months of last year. This is what emerges from the report “From Resilience to Resilience – European Equity Capital Markets”. Deloitte.
The value of IPOs is increasing.
At the level of though Volumes Lived in Europe Only six more operations In the first half of the year (71 IPOs), the collection was significantly higher this year than in the same period of 2023. 3 Operation Which exceeded 2 billion. In general for the euro, in the first six months of 2024, the size of IPOs increased, with a An average price of about 192 million Euros compared to 61 million Euros in 2023. A growth that also benefits from the recovery of IPOs. Companies owned by private equity funds.
Italy does not shine
In Italy Were there this year 19 IPO Operations Of which only 1 in the main market. Capital raised is significantly lower than last year, driven by 4 major operations in the main market, which achieved a total of €1.3 billion, accounting for 80% of total capital raised in the year. is more “Compared to European data, the Italian market has experienced a waiting phase,” explains David Bertoia, Head of Capital Markets Audit and Assurance at Deloitte Italy.
After the launch of Sprint, the Euronext Growth Milan market dedicated to high-potential SMEs also took a breather: operations features for the first half of 2024 Low average collection compared to last year.
Good prospects for 2025
Despite the market experience so far, Prospects for 2025 show positive signs. Thanks to the large pipeline of operations in the Italian and European markets and the possibility of a less restrictive monetary policy. However, there remain risks associated with the geopolitical situation and the threat of rising protectionism, which could affect the performance and volatility of markets in certain sectors, according to Deloitte.
“Recent ones Public initiative initiatives In support of IPOs – underlines Bertoya – eg Fund of funds Promoted by Mef and CDP e Lombardy shareIn addition to confirming Tax credit The listing of SMEs has also been extended to 2025, making the launch of stock market listing projects particularly favourable”.
