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January 09, 2007
Ten Tech IPOs In Europe Over $100M
As we said in an earlier post, we've been watching the biz press for an overview of European Tech IPOs that created companies with a valuation over €100M -- with no luck so far. With no access to VentureSource, we had to cobble together a list (bolded entries were early stage VC-backed) from the a:c euro archives and interviews. (Please hit the contact us link if you've got better info.)
Ten Tech IPOs In Europe Over $100M
Delticom (Germany) - Deutche Venture Capital - DVC - online tire vendor
IXEurope (Dutch) - European Acquisition Capital and BA Capital - Telco and Internet hosting centers
Magix (Germany)- 3i - graphics software
Modelabs (France) - AXA Private Equity - custom mobilephone manufacturer
Norkom Technologies (UK) - Trinity Venture Capital and Island Capital financial software
Optos (UK) - Amadeus Capital Partners - medtech
Parrot (France) - Sofinnova Partners and others - Bluetooth gadgets
Seloger.com has (France) - 3i - online real estate ads
Trolltech (Norway) - Index Ventures and Northzone - GUI and Linux software developer tools
Xing/OpenBC (Germany) - Wellington Capital Partners - business networking
There were two German IPOs that came close to the €100M mark worth noting, hotel.de and SAF AG, that achieved market caps €82.5 and €95.3M respectively. But our list is not complete. We only have IPOs of firms that raised venture or private equity money, so Qimonda, which was spun out of German semiconductor manufacturer Infineon is not represented, for example. And we don't have any VC-backed alt energy IPOs, either.
Keeping all that in mind, we hazard that the good news is that there are at least, ten, if not more, 100M euro companies in the market here now, which means there are some more potential new acquirers of startups in the market now. And probably a few more biz angels and role model founders for budding entrepreneurs.
The bad news is Europe did not deliver a billion euro startup in the last 12 months, something the US market did achieve.
Posted on January 9, 2007 07:08 AM | Posted to Being European | Permalink
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