Factbox: IPOs stage fall comeback in Europe

Exosens SA

10/10/2024 06:56

Oct 10 (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  SPGG.DE  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  PUIGb.MC  
    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  GALD.S  
    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  LANDI.S  raised a similar sum in 2017.
    
    CVC CAPITAL PARTNERS  CVC.AS  
    The private equity group's IPO raised 2.3 billion euros in April, valuing
the Dutch firm at around 14 billion euros.
    
    DOUGLAS  DOU1.DE  
    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  AiAr.AT  
    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  R3NK.DE 
    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  EXENS.PA  
    The French optical component firm debuted on Euronext Paris in June, after
an IPO that raised around 350 million euros.
    
    PLANISWARE  PLNW.PA  
    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)

 (Compiled by Julia Kotowska, Anna Pruchnicka and Mateusz Rabiega in Gdansk;
editing by Milla Nissi)
 ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))