Dealmakers are optimistic that the upward trend will continue, with listings expected in early 2025 — such as HBX Group in Spain and Stada Arzneimittel in Germany — paving the way for others later in the year and into 2026.
Bankers see Europe’s IPO rebound broadening in 2025 despite the threat of trade frictions and political upheaval, as private equity firms look to unload portfolios and secure returns.
European bourses have seen more than US$19 billion ($25.48 billion) raised through initial public offerings this year — a jump of more than 30% from 2023’s volume. But that still lags historical averages, including the pandemic-era peak and the decade preceding it.
