-
1 month ago | 
ionanalytics.com | Taku Dzimwasha |Arezki Yaiche |Raj Saiya |Lloyd Vassell
ECM volumes in France fell in 2025 YTD, as political instability keeps deals on hold, continuing a year-on-year decline in volumes that started in 2023. Volumes stood at USD 2.8bn in 2025 YTD, down from USD 3bn in 2024, and USD 4.3bn in 2023. The decline persisted despite some notable secondary follow-ons and convertible deals in 1Q 2025.
-
1 month ago | 
ionanalytics.com | Taku Dzimwasha |Auri Aittokallio |Raj Saiya |Lloyd Vassell
Swedish investment company Roko AB’s [STO:ROKO] IPO serves as a much-needed boost for Nordic ECM, after the worst start to the year for volumes since 2019. The listing, valued at SEK 5.3bn (USD 525.54m), was the largest in Sweden since Volvo Cars [STO:VOLCAR-B] listed in 2021. The IPO has lifted ECM volumes in the Nordics – covering Sweden, Norway, Denmark, Finland, and Iceland – to USD 1.9bn in 2025 YTD.
-
1 month ago | 
ionanalytics.com | Taku Dzimwasha |Aurelia Seidlhofer |Raj Saiya |Lloyd Vassell
After Germany’s recent federal election provided clarity on the political landscape, equity markets have gained a level of certainty. In 2025, ECM volumes have been understandably muted due to the elections, standing at USD 3.2bn as of 6 March 2025, down from USD 3.48bn over the same period last year. Despite the slow start, the sentiment in the country has picked up following the election of a new government, an ECM banker in the region said.
-
1 month ago | 
ionanalytics.com | Taku Dzimwasha |Raj Saiya |Lloyd Vassell
Abu Dhabi National Oil Company’s (ADNOC) AED 10.4bn (USD 2.84bn) block trade in ADNOC Gas plc [ADX: ADNOCGAS], marked a significant milestone in the development of Middle Eastern equity capital markets. The sale of 3.1 billion ordinary shares by the state-owned oil company in the gas firm was the largest accelerated bookbuild (ABB) block trade in the region, according to Dealogic.
-
2 months ago | 
ionanalytics.com | Taku Dzimwasha |Raj Saiya |Lucy Chapman
Data Insight Sector’s defensive nature attracts investors amid market volatilityFollow-ons to drive healthcare ECM volumes, with Haleon and Galderma stake sales expectedHealthcare ECM volumes in EMEA reached their highest levels in a decade last year, with the IPO of Galderma Group AG [SIX:GALD] and subsequent stake sales in the firm, along with selldowns in Haleon [LON:HLN], lifting deal volumes to USD 23.1bn in 2024, according to Dealogic data.
-
2 months ago | 
ionanalytics.com | Taku Dzimwasha |Sam Kerr |Raj Saiya |Lloyd Vassell
Two new issues have breathed life into the equity-linked market in Europe, the Middle East, and Africa (EMEA). The market had been sluggish due to subdued corporate financing demands, which has led to a lack of issuance of equity-linked bonds (debt instruments with an embedded share option).
-
2 months ago | 
ionanalytics.com | Taku Dzimwasha |Raj Saiya |Lloyd Vassell
In 2024, the S&P Defense & Aerospace (D&A) sector index surged year-on-year to 35.24%, fuelled by escalating geopolitical tensions, rising defence budgets, and investors seeking safe-haven assets amid global uncertainty. The election of Donald Trump as the 47th president of the United States will likely see the index continue its upward trajectory, given his combative language on NATO and member country spending.
-
2 months ago | 
ionanalytics.com | Sam Kerr |Iñaki Miguel |Taku Dzimwasha |Raj Saiya
The sponsors that own Spanish hotel booking software business HBX Group (Hotelbeds) are happy to offer a sizeable discount to its main peer Amadeus [BME:AMS] in the hope of the stock trading up to allow a more valuable monetization down the road, sources tell ECM Pulse.
-
Jan 17, 2025 | 
ionanalytics.com | Cristiano Dalla Bona |Raj Saiya |Carlos Martinez
Data Insight Start of 2025 likely to be the best for Oil & Gas ECM in yearsTrump administration, energy independence drive, a boon for industryMultiple energy companies prepare for IPOsThe oil and gas sector is expected to be a far more significant part of the US equity capital markets ahead of Donald Trump’s return to the White House for the second time.
-
Dec 9, 2024 | 
ionanalytics.com | Taku Dzimwasha |Raj Saiya |Lloyd Vassell
The upsized USD 2bn listing of Delivery Hero SE’s [ETR:DHER] Talabat Holding plc has injected much-needed impetus into technology IPOs, following a turbulent year for the sector. The IPO, which priced last week, attracted significant interest from Gulf Cooperation Council (GCC) countries and international investors, reflecting confidence in the company’s equity story and its sector positioning, an ECM lawyer said.
