European IPOs posted poor results by nearly any measure during the first half of the year, contrasting sharply with a U.S. IPO market enjoying stellar growth. Volkswagen’s cancellation of its Traton SE trucks division may be consistent with—and a contributor to—this trend.
IPO Market in Europe Falters Amidst a Slowing European Economy
Mirroring Europe’s anemic economic growth, IPOs in Europe have hit a rough patch that seems likely to worsen.
In the first half of 2019, issuers priced only 71 IPOs, raising $15.9 billion. These results are down substantially from the first half of 2018, when 168 IPOs priced, ...