Flotations hit by worries over eurozone woes
The accountancy firm’s annual IPO Watch report said 430 flotations raised €26.5 billion (£22bn), just 1 per cent more than in 2010, of which more than half was invested in firms using the London Stock Exchange.
Commodities trader Glencore accounted for €6.9bn when it stepped straight into the FTSE 100.
Advertisement
Hide AdAdvertisement
Hide AdOn the continent, privatisations of government-owned assets in Spain and Poland last summer raised more than €5bn, while the flotation of Iberian discount supermarket Dia added a further €2.4bn to the total.
PwC said the IPO market started last year brightly but worries over the eurozone, as well as uncertainties caused by the Arab uprisings, dampened sentiment.