ISE paid €310m to IPO surge

The Irish Stock Exchange contributed €310m to the €3bn initial public offering (IPO) surge across the EU in the third quarter of this year.

There were 52 IPOs in the region between July and September, which together raised €3bn in fresh capital. This represents an eight-fold increase on the same period in 2012, according to the latest PwC IPO watch, which monitors the global activity in IPOs.

The €310m raised in Ireland stemmed from a real estate investment trust (Green REIT) in July. There were also sizeable real estate back IPOs in Britain and Germany.