The number of companies listing in Europe has slumped to the lowest level since the global financial crisis, underlining the dire state of the region’s market for initial public offerings amid an economic slowdown and the attraction of going public in the US.
Just 34 companies were publicly listed in Europe in the first half of this year, the lowest number since 2009 when the aftermath of the global financial crisis sent a chill through markets.
The drop in IPO numbers comes amid a period of deep angst for Europe’s equity markets, which are struggling to hold on to high-growth companies. Many businesses are choosing to float in the US instead, enticed by its larger pool of capital and investors who are more eager to take risks and fund new businesses.
Read the full story on the Financial Times here.