European IPO transactions up 11% in 2014

Figures show a continuation of rising IPO activity since 2009

The number of IPO transactions completed in European markets rose by 11% in 2014, according to a report by Experian.

The IPO Transactions 2014 paper reveals that there were 279 completed IPOs on European stock exchanges last year – an 11% increase on the number seen in 2013.

The 2014 figures see European IPOs creep back up to pre-recession levels; although even in the best year since 2009 they haven’t quite reached that benchmark yet. However, around £30bn of activity was recorded by the Experian research.

This marks an increase of 16% from the 2013 figure and is the second highest value since the reporting started 10 years ago. The highest amount seen was £33bn in 2007.

One area of transaction that has surpassed pre-recession levels is the volume of large deal IPOs (£100m or more). It increased 31% between 2013 and 2014 and is higher than any other year in which figures were taken.

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The largest flotation recorded in 2014 was NN Group being accepted on to the Euronext Amsterdam platform in a deal worth £1.6bn.

London Stock Exchange

It was a strong year for the London Stock Exchange, according to the report. It saw 132 completed transactions with a combined value of £14.5bn. This represented a 33% increase in volume and 24% rise in value on 2013 figures.

The most active sectors on the London Stock Exchange were financial & insurance (£5.5bn raised in 39 deals), wholesale & retail (£5.5bn in 32 deals) and information & comms (£3.3bn in 27 deals).

On London Stock Exchange’s junior platform AIM 75 deals were recorded with a total value of £2.5bn. Reflecting the fact that AIM is still young and growing quickly, this represented an increase of 134% on the figures for 2013.

One area that saw AIM excel in 2014 was in exits. There were 10 across the 12 months with a total value of £100m.

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Alan Dobie

Alan Dobie

Alan Dobie was assistant editor at Vitesse Media Plc before moving on to a content producer role at Reed Business Information. He has over 17 years of experience in the publishing industry and has held...

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