Europe’s IPO Market Not Yet Open to Unprofitable Tech, BofA Says
- It’s been two years since last significant tech IPO in Europe
- That’s in contrast to US, where Reddit debuted despite losses
The Euronext stock exchange in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Profitability still matters when it comes to initial public offerings in Europe, even for tech startups, according to Bank of America Corp.
“Regarding IPOs of pre-break-even tech companies, we are not quite there yet,” said Jerome Renard, head of EU ECM at BofA.