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BNP Sees US Tech IPOs Fueling Appetite for Deals in Europe

BNP Sees US Tech IPOs Fueling Appetite for Deals in Europe
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BNP Sees US Tech IPOs Fueling Appetite for Deals in Europe Mega IPOs by some of the largest privately held tech companies are likely to fuel appetite for stock sales in Europe’s tech industry as well, according to a top BNP Paribas SA investment banker. Elon Musk’s Space Exploration Technologies Corp., ChatGPT creator OpenAI and rival Anthropic PBC have all filed to go public in the US, creating a pipeline of sales worth some $3.6 trillion. The sheer size of the offerings and the excitement...

BNP Sees US Tech IPOs Fueling Appetite for Deals in Europe Mega IPOs by some of the largest privately held tech companies are likely to fuel appetite for stock sales in Europe’s tech industry as well, according to a top BNP Paribas SA investment banker. Elon Musk’s Space Exploration Technologies Corp., ChatGPT creator OpenAI and rival Anthropic PBC have all filed to go public in the US, creating a pipeline of sales worth some $3.6 trillion. The sheer size of the offerings and the excitement around the names is having ripple effects across the world, said Ygal el Harrar, global head of equity capital markets for the technology industry at BNP Paribas.
BNP (ORG) US Tech (ORG) Europe Mega (LOCATION) Europe (LOCATION) BNP Paribas SA (ORG) Elon Musk’s (PERSON) Space Exploration Technologies Corp. (ORG) PBC (ORG) US (LOCATION) Ygal el Harrar (PERSON) BNP Paribas (ORG)
Originally published by Bloomberg Technology Read original →