Bucharest Stock Exchange surpasses Deutsche Borse in top IPOs in Q4 2013, with Romgaz IPO last year

European IPO proceeds in the fourth quarter of 2013 amounted to over EUR 14.7 billion, double the amount raised in the same period of the previous year, making it the most successful quarter since Q4 2007, reads PwC’s recent IPO Watch Europe survey. Romania’s Bucharest Stock Exchange BVB was not included in PwC’s study, but considering the EUR 389 million Romgaz IPO in late October last year, the local market could enter PwC’s top 10, at a short distance from stock markets in Ireland and Norway, but surpassing Deutsche Borse or Borsa Istanbul. London maintained its position as a leading market for IPOs in Europe with EUR 8.6 billion raised in the fourth quarter of 2013, followed by NYSE Euronext with some EUR 2 billion, and Warsaw with slightly over EUR 1 billion. For the entire 2013, European IPO proceeds were EUR 26 billion, more than double the amount recorded in 2012. Irina Popescu, irina.popescu@romania-insider.com