Listings Deliver Stronger Results
After several subdued years, Europe’s IPO market is beginning to turn a corner. Data from 2024 revealed that capital raised through new listings more than doubled compared with 2023. High-profile floats such as Puig Brands in Spain and Galderma in Switzerland, each generating close to €2 billion, highlight a revival of investor interest in the region’s equities.
Private Equity Drives High-Value Offerings
Private equity-backed businesses have played a key role in this resurgence. Verisure, the security group owned by Hellman & Friedman, is preparing for a Stockholm listing that could raise around €3.1 billion. If successful, the deal would be one of the largest Sweden has seen in years, underscoring how investment firms are increasingly using IPOs to restructure debt and fund acquisitions.
Recovery Still Faces Obstacles
Despite the recent progress, many issuers are trimming valuations to secure backing, reflecting continued investor caution. Broader economic headwinds and geopolitical instability remain risks to the recovery. Still, with several major listings expected in the months ahead, analysts suggest that 2025 could build on recent momentum and mark a more durable rebound for Europe’s IPO market.
