|
|
Article: News: Slump in IPO activity.(initial public offerings)(Brief Article)
- Article from:
- Financial Times Mandate
- Article date:
- April 21, 2003
CopyrightCOPYRIGHT 2003 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
IPO activity on Europe's principal exchanges has plummeted by more than 60 per cent in the first quarter of 2003.
According to the latest PricewaterhouseCoopers (PwC) IPO Watch Europe report, IPOs numbered only 14 in the first quarter of 2003, down from 36 in the previous quarter.
This should provide opportunities for private equity investors as businesses turn to other means of raising capital, but some large market players have also lost a key exit route. According to Lindsay Dipdum, a partner at HgCapital, ...