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Eight Companies Hope To Go Public In Spain In 2024

Stock markets in Spain.
Stock markets in Spain.

The good per­for­mance of the stock market in the final stretch of 2023 has fue­lled hopes of a re­co­very in IPOs in 2024, with eight Spanish com­pa­nies awai­ting the evo­lu­tion of the mar­kets to de­cide whether to place part of their ca­pital with in­ves­tors and stock market funds.

A long list of Spanish companies are hoping to clear the hurdles to make their IPOs in the coming months: Puig, Hotelbeds, Astara Mobility, Volotea, OK Mobility, Cosentino, Cirsa and Calvera Hydrogen are among the firms considering going public. Although all of them are at different stages of preparation, they all agree that their respective IPOs depend on market conditions, according to Expansión newspaper.

According to Berenberg Bank, “Spain has a promising pipeline of potential IPOs, but they could come in the second half of 2024, once a major IPO breaks the ice in another country and warms the appetite of the European market”.

According to data from Berenberg Bank’s capital markets team, 2023 was the worst year in Europe for IPOs since 2009, a year marked by the great financial crisis, and the second worst so far in the 21st century.

In Europe alone 17 significant IPOs have been completed, in transactions that have raised €5 billion from investors. Schott Pharma, Lottomatica, Ionos, Thyssenkrupp Nucera, Coty, Ferretti and Stainless Tankers are among the names that achieved their listing targets.

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