New Research Charts The Outlook For European IPO's

A Report by investment bank Dresdner Kleinwort , "European Equity Strategy: The European IPO Cycle" has predicted that 2008's poor start shows the environment for IPOs in 2008 will continue to be weak. From a cyclical peak in 2006, the IPO cycle has "been on the wane ever since". The report shows that, given IPO momentum, currently negative, is part of a cycle measured in years and not quarters, no new boom can be expected in 2008. This report comes after a Q108 which it shows saw just 47 deals worth US$1.9bn, and amid an economic climate that lacks the "market confidence…investment appetite…. [And] euphoria" that produce IPOs.

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