All hopes for the IPO rest on Porsche

Production at Porsche

Despite the uncertainty on the markets, the sports car manufacturer is continuing to work on its IPO planned for the fall.

(Photo: dpa)

Frankfurt The summer break on the financial markets is slowly coming to an end. This usually opens one of the most attractive time windows for initial public offerings (IPOs) – but this year threatens the great lull in terms of new entrants to the capital market. “If the markets don’t calm down very quickly and sustainably, 2022 threatens to become a lost year for IPOs,” warns a top German banker.

Risk factors such as the war in Ukraine, high inflation and, above all, the fear of an economic crisis in Europe caused sharp price fluctuations on the stock exchanges and thus spoiled the first half of the year. Before the summer break, there was only one noteworthy new issue in Germany, and it was of an extremely manageable size: the online real estate investment platform EV Digital Invest raised six million euros.

For comparison: According to the consulting company EY, 22 companies went public in Germany last year with a total placement volume of over nine billion euros.

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