European IPOs fizzle out as political turmoil roils stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
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Source: reuters
- European IPO Market Postponements: Political uncertainty in Europe, particularly due to the French elections, has led to postponements of IPOs by companies like Golden Goose and Tendam.
- Market Impact of French Elections: The recent French election call caused a drop in the euro value, French blue-chip stocks, and bonds, affecting market stability.
- Continued Share Sales: Despite fewer IPO candidates, share sales in already listed companies are ongoing, with block trades remaining popular among investors.
- Market Recovery and Future Outlook: Year-to-date share sale volumes have shown recovery, but some IPO plans have been shifted to 2025 due to political uncertainties.
- Upcoming IPOs and Investor Sentiment: Companies like Springer Nature and Stada are expected to IPO later this year, while investors remain cautious about potential market volatility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
