The Spanish Stock Exchange registered Stock market debuts for an amount of 180 million euros ($ 221 million) this year, according to a report by Baker McKenzie, which is 30% less, in terms of value, compared to 2019. The report highlights the big difference with 42% increase in global data, the best in 10 years.
The analysis of the Spanish data regarding IPOs is at the same level as that of Europeans, Africa and the Middle East, where there has been a 7% decrease in volume. The main cause of this is the impact of the economic crisis caused by the pandemic. At the local level, the eagerness to be listed on the Continuous Market, where the role of Soltec, the international solar tracker company, put an end to a two-year drought.
The director of mercantile and capital markets at Baker McKenzie, Carlos Marín, has confirmed the “positive evolution of prospects for next year of BME Growth -new name of the Alternative Stock Market-, which, in addition to host the vast majority of Socimis 'listings', is increasingly an alternative used by medium-sized companies in the expansion phase as a first contact with the capital markets ".
Internationally, after the stock market slowed in the first two quarters due to the effects of Covid, lActivity recorded a strong acceleration in the third quarter, which caused the volume of new quotes to double compared to the second quarter of 2020. In total, 270,000 million euros (331,000 million dollars) were raised in 1,591 IPOs this year.