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European tech firms seek to share in U.S. IPO bonanza Clara Denina ,
By Clara Denina and Abhinav Ramnarayan
LONDON (Reuters) - Some of Europe s tech companies are preparing to speed up listing plans early next year to grab some of the billions of dollars of investor cash that has already fuelled a record-breaking run of tech IPOs in the United States this year.
Tech sector valuations, already red hot prior to the COVID-19 pandemic, have hit eye-popping levels as investors bet that trends such as online shopping and food delivery will outlast the crisis.
The United States has attracted most of the listing action, with a record $81 billion of initial public offering (IPO) proceeds this year so far, based on Refinitiv data.
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LONDON: Some of Europe s tech companies are preparing to speed up listing plans early next year to grab some of the billions of dollars of investor cash that has already fuelled a record-breaking run of tech IPOs in the United States this year.
Tech sector valuations, already red hot prior to the COVID-19 pandemic, have hit eye-popping levels as investors bet that trends such as online shopping and food delivery will outlast the crisis.
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The United States has attracted most of the listing action, with a record US$81 billion of initial public offering (IPO) proceeds this year so far, based on Refinitiv data.