23 Jan 2017

Equity Primary Markets and Trading Report: European market data update - Q4 2016

HIGHLIGHTS

Updated statistics on equity primary markets and trading in Europe (EU 28 member countries and Switzerland)

Main findings:

  • Equity underwriting on European exchanges accumulated a total of €146.8bn in proceeds in 2016, a 39% decrease from the value originated in 2015 (€50.9 bn). Equity underwriting encompasses Initial Public Offerings (IPOs), convertible securities and follow-on offerings.
  • Completed Mergers and Acquisitions (M&A) of European companies totalled €1,013 bn in 2016, an increase of 19.6% from the value observed in 2015 (€ 847 bn). The increase was largely supported by two large mega-deals2, which represented 18% of the 2016 activity in deal value.
  • Equity trading activity on European main markets and MTFs generated a total of €11.8 tn in turnover value in 2016, a decrease of 9.4% from the value traded in 2015 (€ 13.1 tn).
  • Market capitalisation of European listed shares3 stood at € 11.7 tn at the end of 2016, a decrease of 3.3% from the market value at the end of 2015 (€12.1 tn).