This study aims to define and explain the different factors in the decision-making process of a European firm on whether to list or not. Since this process is rather complicated and not all factors are quantifiable, this research paper aims to give the reader a broad insight on the dynamics of the European IPO market.
The question on “Why European Firms Go Public” will be dissected into multiple sub-sections each defining and explaining one specific factor through proxy values and approximative academic literature in order to give a global answer to the research question. The timeline of this study is the one of the last economic cycle, from 2007 until 2019 which corresponds to the period before the financial crisis of 2008 until the pre-Covid19 era.
