Bloomberg: IPOX® Research Associate Lukas Muehlbauer on Key Trends in European IPO Performance

A recent Bloomberg ECM Watch article titled “Small Caps and Self-Funders Shine After European IPOs” highlights a significant trend in the European IPO market for 2025, noting that the best-performing new listings were predominantly smaller companies. These successful firms have often been characterized by their focus on reinvesting IPO proceeds back into business growth, rather than facilitating a cash-out for previous owners like private equity firms. The report also observes a strong performance from companies debuting in the Nordic region.

IPOX® Research Associate Dr. Lukas Muehlbauer, was quoted in the article, providing expert commentary on these market dynamics. He stated, “The best performing listings have been with growth stories where the proceeds are reinvested back into the company rather than the deals where private equity owners appear to cash out. We’ve seen that companies listing in the Nordic region and recent smaller listings have been the main beneficiaries of this trend.”

The article by Bloomberg ECM Reporter Pablo Mayo Cerqueiro is available for Bloomberg Terminal subscribers here: https://blinks.bloomberg.com/news/stories/SZDU90DWX2PS