For Every Pulled IPO, Two New Deals Hit Europe’s Crowded Market
- Four new listings were announced in Europe on Monday alone
- More IPOs are being pulled as inundated buyers turn selective
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This year’s initial public offering boom in Europe is facing its biggest test yet, with billions of dollars in deals coming to market while failed listings and flops pile up.
Nearly 20 companies have kicked off listings in Europe this month, with Swedish automaker Volvo Cars leading the pack. Four new share sales, including that of electric-vehicle charging firm Pod Point, launched on Monday alone. Yet, IPOs worth billions of dollars have also been called off in recent weeks, including German language app Babbel’s.