Companies raise €265m on ISE

Companies raised €265m on the Irish Stock Exchange through initial public offerings over the first three months of this year, compared with €415m over the last quarter of 2013, according to figures compiled by PwC.

However, the trend across the rest of Europe has been a much stronger start to this year. The amount of money raised over the first three months exceeded €11.4bn, which is more than the first quarters over the past four years combined.

Moreover, the pipeline for the second quarter looks equally busy with 25 companies across the region scheduled to go public with possible proceeds expected to exceed €10bn, said PwC.