2015’s nine initial public offerings set a record for Belgian businesses. Together, they raised approximately one billion euros, according to figures shared by law firm Baker & McKenzie on Monday.
The amount raised is hardly unheard of: it was reached with only two initial public offerings (IPOs) in 2014. It is the number of new listings which makes 2015 stand out. This last year saw as many IPOs as the six preceding years taken together.
The most profitable IPOs were Belgian-Dutch bio-tech company Galapagos (Nasdaq) and the oil company Euronav (New York Stock Exchange), which raised 241 million dollars and 229 million dollars respectively. These two new listings behind Ferrari are on the podium of foreign IPOs on American stock markets.
Amongst IPOs on the Brussels Stock Exchange, Biocartis stood out by raising 108 million dollars. The other firms taking the leap this year were TINC, Mithra, Celyad, Xior, Bone Therapeutics, and KKO International.