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Nasdaq's European markets face record IPO figures in H1'21

Europe
On the 07/01/21 at 4:15PM

by

Adrien Paredes-Vanheule

(European Commission)

Stock exchange operator Nasdaq said on Thursday that in the first half of 2021, its European markets (Stockholm, Copenhagen, Reykjavik, Tallinn, Helsinki, Vilnius, Erevan) have welcomed 112 listings (vs.22 in H1'20), including 86 initial public offerings (IPOs) and nine exchange transfers, raising a total of €6bn (vs. €0.3bn in H1'20). Altogether, the 112 listings represent a total €28bn in market capitalisation.

The five largest listings by proceeds raised are: Stillfront Group (€3bn), Vimian (€2.9bn), Hemnet Group (€1.8bn), Cint Group (€1.5bn) and Desenio Group AB (€1.4bn). Nasdaq said the number of listings and capital raised through IPOs on its European markets in H1'21 formed the highest on record.

Also, five special purpose acquisition companies (Spacs) listed on Nasdaq's European platforms and raised €0.85bn, including these of ACQ Bure and Apac.

“We celebrated several major milestones during this record-breaking period, including experiencing the 100th company move from the First North to the Main Markets. We are always looking to innovate new and exciting solutions for clients and recently launched the Nasdaq Green Equity Designation to help them better reach investors who are interested in sustainable investments. Additionally, we introduced SPACs to provide companies with more flexibility to enter the market,” said Adam Kostyál, head of European listings, Nasdaq.

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