After a successful first half of the year for European companies that went public, the sharp volatility in the stock markets is not stopping potential issuers from continuing to prepare public offerings (IPOs) for September. However Bloomberg indicates that a potential best price for the stock may prove elusive in such a volatile market.
In one of the versions, also the national airline airBaltic plans to list part of its shares on the stock exchange in the second half of this year. However, depending on investor feedback, the expected listing could slip into next year, given the market’s view on airline profitability in general. The airline will “change the tone” and “probably do so in the first half of next year” if the business model is not accepted or understood by potential investors, Bloomberg pointed out airBaltic President Martin Gauss.
In a difficult time
Markets have calmed down a bit this week after last week’s volatility fueled by concerns that the Federal Reserve is waiting too long to cut interest rates. Therefore, it may not affect the public offerings of European companies in the second half of the year, they estimate Bloomberg. However, the sudden volatility is already there
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2024-08-17 04:58:42