Factbox-IPOs stage fall comeback in Europe

(Reuters) - Initial public offerings (IPOs) are slowly coming back in Europe after a summer lull.

Polish convenience store group Zabka's IPO is set to raise 6.45 billion zlotys ($1.64 billion) this month, while Spanish energy and water utility Cox Energy plans to raise 300 million euros ($328 million).

German academic publisher Springer Nature debuted in Frankfurt on Friday after an IPO that was set to raise up to 602 million euros.

Meanwhile, Spanish frozen bakery producer Europastry this week pulled its IPO that was aiming to raise about 210 million euros, citing market instability.

Proceeds from IPOs across Europe have more than quadrupled year-on-year to 11.4 billion euros in the first half of 2024, a survey by PricewaterhouseCoopers showed.

Here are some of the biggest IPOs carried out in Europe to date by value:

PUIG

The Luxury beauty and fashion group listed in Spain in May, raising 2.61 billion euros for Puig and its eponymous controlling family. Together with an over-allotment option, the total proceeds reached 2.74 billion euros, cementing Puig's IPO as the largest in Europe since 2022.

GALDERMA

The skin care firm's IPO in March, which raised 2.3 billion Swiss francs ($2.7 billion), was the biggest offering in Switzerland since smart meter maker Landis + Gyr raised a similar sum in 2017.

CVC CAPITAL PARTNERS

The private equity group's IPO raised 2.3 billion euros in April, valuing the Dutch firm at around 14 billion euros.

DOUGLAS

The German cosmetics retailer, backed by CVC Capital Partners and the Kreke family, carried out an 890 million euro IPO and made its return to the Frankfurt Stock Exchange in March.

ATHENS INTERNATIONAL AIRPORT

The January IPO of Greece's largest gateway for tourists marked the first successful major offering in Europe this year. Greece's privatisation agency raised 785 million euros from the sale, making it Greece's biggest IPO in 15 years.

RENK

The German tank gearbox manufacturer's IPO raised around 500 million euros in early February. Its owner, private equity group Triton Partners, placed 33.33 million Renk shares with institutional investors.

EXOSENS

The French optical component firm debuted on Euronext Paris in June, after an IPO that raised around 350 million euros.

PLANISWARE

The French software firm's IPO raised a total of about 278 million euros in April, in the largest initial offering on the French bourse in the last three years.

($1 = 3.9243 zlotys)



($1 = 0.9142 euros)

($1 = 0.8603 Swiss francs)

Source: Investing.com