European IPO Pipeline Remains Robust, Goldman Sachs Says

Goldman Sachs’ EMEA investment banking co-head reports European clients remain cautiously optimistic despite geopolitical tensions, with most expecting increased M&A activity in 2026 compared to 2025. The war in Iran has created market uncertainty, but firms are still "quiet forward-leaning," signaling resilience in dealmaking appetite amid volatility. Europe’s IPO pipeline stays robust, defying broader economic headwinds, with a strong queue of companies preparing to go public this year. Kelleners highlights sustained investor confidence, noting that while geopolitical risks persist, corporate strategies prioritize growth through acquisitions and public listings. The outlook contrasts with global caution, positioning Europe as a relative bright spot for capital markets and strategic transactions in 2026.