The European IPO market has been reopened with the listings of TeamViewer, the German remote access software provider, and Swedish private equity house EQT. However, with investors continuing to position more defensively bankers expect valuation pressure to remain.
The two transactions are expected to lead a pipeline of IPOs. Bankers across the Street are keeping their fingers crossed that the they go smoothly, and are hoping that sellers take into account how sensitive investors have become to price.
“There are two good deals on the road