PZU IPO To Test Strength Of European IPO Recovery

After a slow start to the year, has the European IPO market started a convincing recovery? Poland's top insurer PZU is set for a Warsaw listing of 30% of the company on May 14, which could be worth up to US$3.5bn and would make it Europe's largest IPO in the y-t-d. It seems a European IPO recovery is underway, as the markets are over their early year jitters. In Q110, there were 39 IPOs from Europe in total, a high unseen since Q208, raising US$8bn or 17% of the global total. March marked a turning point with African Barrick Gold

To read the full article, please choose one of the following options: