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Equity IPOs

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International tension has propelled valuations in the sector up, tempting issuers
Czech defence firm priced at a discount to German competitor Rheinmetall
Czech defence firm set for largest European IPO since Porsche's 2022 listing
Listing meant to give government fiscal breathing room
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  • Ever rising stock prices, despite the ravages of the Covid-19 pandemic and a looming global recession, have prompted fears that equity markets are becoming frothy or even a bubble. In such an environment, many investors begin to turn to safer assets and Vladislav Barshinov, CEO of Russia’s GV Gold, is hoping that investors will look to gold as his company considers the possibility of an IPO in 2021.
  • Retail shareholders have been excluded from a string of recent hot IPOs on the London Stock Exchange. This does little to dispel accusations that financial markets are the preserve of the elite.
  • Hydrogen Refueling Solutions, a French company that designs and manufactures refuelling stations, has priced a popular IPO on the Euronext Paris exchange, the latest sign that hydrogen technology is gaining mainstream enthusiasm among green investors.
  • China-based Betta Pharmaceuticals, a developer of cancer treatments, is planning a Hong Kong IPO, having filed draft paperwork with the city’s stock exchange on Monday.
  • Equity investors have maintained a focus on gaining exposure to tech stocks so far this year in the primary market, dispelling fears that high-growth digital companies might lose out to cyclical, value stocks that might benefit from the reopening of economies from the Covid-19 pandemic.
  • German stocks have continued to be among the best performing in Europe in 2021, fuelling momentum in the country’s equity capital markets.