21 Jul 2016

Equity Primary Markets and Trading Report: European Market Data Update - Q2 2016

Highlights

  • Equity underwriting on European exchanges accumulated in 2Q 2016 a total of € 50.7 bn in proceeds, an increase of 76% from the value originated in 1Q 2016 (€ 28.7 bn) and a decrease of 18% from the value of 2Q 2015 (€62.1 bn). Equity underwriting encompasses Initial Public Offerings (IPOs), convertible securities and follow-on offerings.
  • Mergers and Acquisitions (M&A) between European companies1 totalled € 51.8 bn in 2Q 2016, a decrease of 68% from the value observed in 1Q 2016 (€ 164.7 bn) and a decrease of 50.1% from the volume of 2Q 2015 (€ 103.9 bn).
  • Equity trading activity on European main markets and MTFs accumulated in 2Q 2016 a total of € 3.0 tn in turnover value, a decrease of 8.9% from the value traded in 1Q 2016 (€ 3.33 tn) and a decrease of 9.1% from the value traded in 2Q 2015 (€ 3.33 tn).
  • Market capitalisation of European shares stood at € 11.2 tn at the end of 2Q 2016, a decrease of 1.8% from the value observed in March 2016 (€ 11.4 tn) and a cumulative decrease of 10.2% from the market capitalisation in June 2015 (€ 12.4 tn).