Europe’s biggest home-grown tech upstarts are still choosing the US for their IPOs ...Middle East

Europe produces a lot of IPOs. The trouble is that some of the region’s biggest fish are slipping away to New York.Tech companies founded in Europe overwhelming end up listing closer to home—some 94% go to exchanges run by Euronext, Germany’s Deutsche Boerse, or the UK’s London Stock Exchange, according to a report by venture capital firm Atomico. But the few that go to a US exchange tend to be the most valuable ones. “When you look at the stream of where value flowed to, there’s clear evidence of leakage to the US,” said Tom Wehmeier, a parter at Atomico. He says more than 50% of the enterprise value of European unicorns has gone to the US through acquisitions and IPOs on American exchanges

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