”There are signs that public offerings will climb again this year. Cormack points out that the region’s IPO volume last year, while up about 80% from 2024, was still about a third below the longer-term average. We should be getting closer to normalized volumes this year. He says the calendar for potential public offerings is busier than it was a year ago, and there are more conversations in particular with private equity sponsors. While the pace of IPOs has been muted in Europe, follow-on equity offerings have been robust: Accelerated bookbuild offerings (ABO) are back to about historical levels, Cormack says, and there have already been deals in 2025 that have raised more than €1 billion ($1.03 billion) each.”
Morten W. Langer
