Nasdaq Europe also expects German stock market newcomers

Porsche IPO

Apart from the Porsche IPO, there has been a lull on the trading floor in Frankfurt for months.

(Photo: IMAGO/Hannelore Förster)

Frankfurt The European branch of the US technology exchange Nasdaq is looking to the new year with optimism despite the currently difficult framework conditions. Adam Kostyál, Head of European Listings at Nasdaq, explains why. He sees a good starting position for both young technology companies and German companies to dare an IPO.

“We expect the IPO market to pick up speed in the second half of 2023. Then the volatility should decrease and the interest rate policy should be clearer,” says the financial expert. He thinks it is likely that many companies would initially start with a smaller IPO – for example with a volume of between 20 and 30 million euros – and then later continue to grow through secondary listings.

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