European Tech IPOs, 2025 Edition

European Tech IPOs: Signals from a Market in Transition

After a decade defined by abundant capital and record-breaking valuations, Europe’s tech IPO landscape is entering a new phase of maturity. Listing volumes remain below historical highs, investor expectations have tightened, and public markets are placing unprecedented scrutiny on fundamentals, profitability and long-term resilience.

In this shifting environment, understanding the forces that shape successful listings has never been more essential. Our latest analysis offers a comprehensive view of how European tech issuers navigate public markets today, and what separates sustainable performers from those facing persistent valuation pressure after listing.