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.
Companies raised just €2.4bn in Europe in the first half of 2023 through IPOs, also the lowest total in 14 years, according to figures from the Association for Financial Markets in Europe (AFME). The capital raised marks a 42 per cent fall compared with the same period last year.