Bloomberg: IPOX® Associate Muehlbauer Discusses European Companies Seeking U.S. IPOs

Bloomberg reported that Doncasters Group, a British aerospace supplier, and Innio Holding GmbH, a Munich-based gas engine manufacturer, filed with the SEC to list their shares on U.S. exchanges. The filings add to a broader trend of European companies considering or pursuing U.S. listings, including firms seeking deeper liquidity, broader investor access, and closer alignment with key customer markets.

IPOX® Associate Lukas Muehlbauer was cited in the article on the strategic rationale behind the listings. He noted that Doncasters has a significant North American manufacturing footprint, while Innio has expanded its U.S. presence to manufacture gas engines for data centers, making the U.S. market a relevant listing venue for both companies.

The article also examined the broader Europe-to-U.S. listing trend, noting recent examples such as Wise, Klarna, and CRH, while emphasizing that most European companies still pursue IPOs in their home markets.

“While a number of high-profile European firms have chosen to list in the US, most firms continue to launch IPOs in their home markets,” Muehlbauer said.
“Nevertheless, the US does serve as an enticing option for specific businesses seeking deeper liquidity and alternative regulatory frameworks.”

Read the full article by Pablo Mayo Cerqueiro on the Bloomberg Terminal (subscribers only): Doncasters, Innio Add to Flow of European IPOs to US: ECM Watch