Europe had its worst year for VC-backed IPOs in over a decade due to volatility in the public markets and poor performance from recent listings.
Only 28 companies listed on a stock exchange, raising a total of €1.4 billion ($1.5 billion), according to PitchBook’s 2023 Annual European Venture Report. But as inflation and interest rates come down and the public markets start to stabilize, more VC-backed companies may be getting their ducks in a row with an eye to listing in the near future.
Here are the European VC-backed unicorns most likely to go public. The list was created using PitchBook’s VC Exit Predictor, which calculates exit probability using a machine learning model that is fed historical and real-time data on private company exits. The predictor draws from 34 inputs related to company characteristics, financing and investors.
Featured image courtesy of Northvolt
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