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European Tech Start-up – Record Year – Listed Names up 222%

European Tech Start-up - Record Year - Listed Names up 222%

We saw a interesting piece on the CNBC site today by E. Shulze that pointed out the success of European tech start-ups with a shocking number to support this idea – these tech companies that went public in 2018 saw share price increase by an average of 222 percent. By contrast, US tech IPOs are up an average of 42 percent for the same time period. As the article continues it states that companies that are valued at $1 billion or more, unicorns, numbered 17 in Europe this year (Atomico reports), that include UK fintech companies Revolut and Monzo. One standout that has brought a lot of attention to Europe is Spotify, a Stockholm-based music streaming company that is listed on the New York Stock Exchange since April – at $26 billion the largest direct listing on record.

Massive investments, and growing. Atomico estimates that a record $23 billion will be invested in Europe`s tech sector in 2018, up from $5 billion only 5 years ago. This type of growth is partly due to the China source of capital that is moving into Europe, of course restrictions in the US are holding the Chinese back. The report from Atomico states that Asian investors are more active in Europe now pointing to the growing ecosystem. Although some founders of businesses are saying that they think starting up a business in Europe has challenges, saying that is is tough to scales tech companies, there is an overriding feeling tht tech in Europe will grow and grow quickly in the next 5 years.

Final note, Europe has more engineers than the US, a lot more.

Team Classiarius


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