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European IPOs crash 80% as 2022 hammers capital markets

2022 was the worst year for European capital raising in 27 years

Tuesday 24 January 2023 at 00:01

The Porsche IPO was the one silver lining in Europe
The Porsche IPO was the one silver lining in Europe Photo: Alex Kraus/Getty Images

European capital markets suffered their worst year for equity raisings since 1995 last year, as IPOs and follow-ons slumped.

In total, €89bn of equity was raised on European exchanges in 2022, down 61% on the year before, according to the Association for Financial Markets in Europe.