IPO Watch Europe Q3 2023

Quarterly report tracking the volume and value of IPOs on Europe’s main stock exchanges.

For the third consecutive quarter of 2023, the European IPO market has seen subdued IPO activity. However, there has been an uplift in Q3 volume and proceeds compared to Q1 and Q2. Q3 2023 delivered 33 IPOs across Europe raising €4.6bn. The European follow-on market has performed well, with volume and proceeds for 2023 YTD exceeding the same point in 2022, signalling investor support for quality companies, being a good precursor to the recovery of the IPO market.