Equity bankers in the City are bracing themselves for as much as $100 billion in European initial public offerings next year, suggesting little sign of a slowdown in a market already running at a post-crisis high Europe.
"If market conditions hold we expect a stronger year for European IPOs with potentially $100 billion of volumes," said Craig Coben, global head of ECM at Bank of America Merrill Lynch. "The market is open for larger and more liquid IPOs and so we may see fewer but bigger deals."