Equity issuance in Europe reached $88.7 billion in the first half of 2026, up 35% year-on-year, as record capital spending on AI data centers and power grids drives fundraising by listed companies. With initial public offerings (IPOs) still sluggish, follow-on offerings by existing listed firms accounted for more than half of the total, giving investment banks one of their busiest starts to a year in some time.
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