IPOs are on hold

Posted Apr 4, 2022, 6:30 AMUpdated on Apr 4, 2022 at 6:58 am

This is a positive sign for the IPO market. On Friday, Sanofi and Volkswagen both confirmed that they wanted to list their subsidiaries, Euroapi for the first, and Porsche for the second. “Watch out for the tree that hides the forest. Only Volkswagen will appeal to the market; Sanofi will just distribute shares to its shareholders”, nuance a banker.

In the first quarter, only 321 companies went public worldwide, according to EY, or 37% less than in 2021 over the same period. Among them, TPG, the private equity firm, Allego, the Dutch specialist in electric charging stations, and Hunyvers, a French motorhome dealership. They only raised $54.4 billion, compared to $82 billion last year. Technology is still a big provider of companies for the quotation. But in lesser proportions, specifies EY.

Leave a Reply

Your email address will not be published. Required fields are marked *