Quarterly survey tracking the volume and value of IPOs on Europe’s main stock exchanges.
The first quarter of 2023 started with a positive market backdrop supported by encouraging inflation data, falling gas prices in Europe, and China reopening. As the quarter progressed, the geopolitical backdrop remained challenging and the central banks globally continued to tighten monetary policy further with core inflation proving to be stickier than expected. The unexpected turbulence in the US and European banking sectors contributed to increased volatility in the equity market curbing appetite for IPOs in Q1.