IPO market in Europe, Middle East and Africa set for growth in April after worst start to year since 2009

 
William Turvill
Follow William
GREECE-EU-POLITICS-DEBT
Some 21 IPO deals are set to be completed across the EMEA area this month (Source: Getty)

The initial public offering (IPO) market is set for growth this month after enduring its slowest start to the year since 2009.

An additional 15 deals valued at $1.1bn (£776m) are expected to be priced by the end of April across Europe, the Middle East and Africa (EMEA), according to Dealogic.

This would take the total number of IPOs completed in April to 21, making it the biggest month of this year so far.

Read more: The US's biggest IPO of the year so far is about to complete

In addition, there have been 75 IPOs, expected to raise $2.9bn, announced in the region in the last 180 days. This is up from 65 at the same point in 2015.

And the UK is the “most active nation” in the area, with 12 deals announced in this period.

The figures have emerged after Dealogic data for the first three months of 2015 showed global IPO volume was at its lowest level since 2009.

Between January and the end of March, IPO volume was $13.2bn, down 67 per cent on the same period in 2015.

Read more: The FCA wants to change how the IPO process works

According to Dealogic, the biggest deals set to complete in the region this month involve Coima Res, with an IPO in Italy valued at $340m, and Mediawan, valued at $285m in France.

The third biggest is expected to see Forterra, the UK’s second largest brick maker, list on the London Stock Exchange in a deal expected to be worth $245m and completed on 21 April.

Read more: European energy giant plans London Stock Exchange listing

Meanwhile, Birkin Student Homes, DagangHalal and Petainer are all expected to float on the UK’s alternative investment market (Aim) this month.

A further eight companies have launched IPOs in the EMEA region this month, including Czech investor EPH, which this week announced plans to list its energy infrastructure utility EPIF on both the Prague Stock Exchange and London Stock Exchange.

Related articles