Following a subdued couple of years, the European Equities market is set for a rebound. On the same day this week, three significant IPOs have taken place on European stock markets. These are the IPO of Athens International Airport on the Athens Stock Exchange, the IPO of Theon International on Euronext Amsterdam, and the IPO of RENK Group AG on the Frankfurt Stock Exchange.
Linklaters advised on all three of these IPOs with the deal teams led by partners Tom Thorne, Dr. Marco Carbonare, Alexander Harmse and Dr. Alexander Schlee.
Tom Thorne, Partner in Linklaters Corporate practice:
“Challenging market conditions throughout 2023 meant we saw a slower IPO year, however there is now a backlog of high-quality companies looking at exit and fundraising strategies, with IPOs set to play an important part. This is evidenced by three major IPOs taking place across the continent this week.”
Dr. Marco Carbonare, Partner and Global Co-Head of Equities at Linklaters:
“We expect private equity and financial sponsors to be particularly active this year, to help drive activity as investors consider their exit options. There is a pent-up pipeline across sectors and this week indicates that we could start to see more activity across the European markets.”
Dr. Alexander Schlee, Partner in Linklaters Capital Markets practice:
“We are at an important juncture where companies need to bring in more capital to support their growth. While it’ll be interesting to watch how 2024 unfolds, particularly due to the sheer volume of general elections taking place across the globe which could generate uncertainty, as inflation levels out we can expect to see more companies making moves and this week’s activity will certainly help in generating momentum.”
Alexander Harmse, Partner in Linklaters Capital Markets practice:
“The European IPO market is a dynamic and competitive landscape and companies have a range of options when considering where to list. Each market offers unique advantages, from the regulatory environment to investor base, which can significantly influence its attractiveness. This week has evidenced the green shoots of recovery that we are starting to see in the IPO market and should drive confidence for the year ahead.”
These transactions showcase Linklaters’ wealth of in-depth expertise in European capital markets. Find out more about the team here: Explore Equity Capital Markets at Linklaters
