Factbox: IPOs stage fall comeback in Europe

Zabka SA

28/10/2024 15:05

(Adds Zabka, Applied Nutrition debuts; detail on
Sveafastfighter, Tandem)
       Oct 28 (Reuters) - Initial public offerings (IPOs) are
slowly coming back in Europe after a summer lull.
    Swedish real estate group Sveafastfighter priced its IPO at
3.5 billion crowns ($330.59 million), as it plans to debut in
Stockholm by the end of the year, while Spanish energy and water
utility Cox Energy plans to raise 300 million euros ($328
million).
    British sport nutrition firm Applied Nutrition  IPO-APPL.L 
rose 7% on its London debut in October following an IPO in which
it raised 157.5 million pounds ($204.39 million).
    However, Spanish frozen bakery producer Europastry and
fashion retailer Tendam pulled their IPOs, 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.
    
    ZABKA GROUP  ZAB.WA 
        The Polish convenience store group Zabka made its 
    debut
     in Warsaw in October in the biggest IPO since Allegro's
 ALEP.WA  flotation in 2020. The firm, valued at 21.5 billion
zlotys ($5.34 billion), raised 6.45 billion zlotys via the
offering.
  
        
  
    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.
    
    SPRINGER NATURE  SPGG.DE 
    German academic publisher Springer Nature debuted in
Frankfurt in early October after an IPO that was set to raise up
to 602 million euros.
        
  
    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 = 0.9142 euros)
($1 = 0.8603 Swiss francs)
($1 = 4.0267 zlotys)
($1 = 10.5870 Swedish crowns)
($1 = 0.7706 pounds)

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