PwC: European stock exchanges do not attract debuts

Value of initial public offerings (IPOs) conducted on European exchanges in the first quarter of 2019 amounted to a record low of €0.7 billion – a decrease of 95 percent per annum (€13.1 billion). Only 3 IPOs were recorded in Warsaw, all on the alternative NewConnect market, their total value amounted to €3 million. This means the second quarter in a row without a debut on the main market of the WSE, according to the report “IPO Watch Europe” prepared by the consulting company PwC.
“Political uncertainty, connected not only with brexit, but also having a global dimension, undoubtedly significantly affects the markets in Europe. Many potential debutants temporarily suspend planned IPOs, waiting for the situation in the coming months to develop,” Tomasz Konieczny, the leader of the capital markets team at PwC, summed up.
(ISBnews)