Reigniting Europe’s IPO engine

The global economic order is in flux. Investor confidence has been dented by tariff debates and uncertain growth outlooks – factors that have kept equity capital markets (ECM) quieter in recent months. Yet early indicators suggest conditions may be turning; international fund flows appear to be rotating back toward Europe, London’s listing appeal is being reassessed and issuers are re‑evaluating their choice of venue as activity shows signs of returning.

The latest episode of the This is Deutsche Bank podcast explores these dynamics and what they could mean for the next phase of Europe’s listings pipeline. Host Victoria Garrod speaks with Tom Swerling, Deutsche Bank’s Global Head of Equity Capital Markets, and James Taylor, Head of Investment Banking at Deutsche Numis. Together, they unpack how the ECM business works in practice, the current mood among investors and the evolving competitiveness of European listing venues.