European tech firms seek to share in U.S. IPO bonanza


  • TECH
  • Wednesday, 16 Dec 2020

A general view shows the trading floor as the German share price index DAX reacts to the 2020 U.S. presidential election at the stock exchange in Frankfurt, Germany, November 4, 2020. REUTERS/Kai Pfaffenbach/Files

LONDON (Reuters) - Some of Europe's tech companies are preparing to speed up listing plans early next year to grab some of the billions of dollars of investor cash that has already fuelled a record-breaking run of tech IPOs in the United States this year.

Tech sector valuations, already red hot prior to the COVID-19 pandemic, have hit eye-popping levels as investors bet that trends such as online shopping and food delivery will outlast the crisis.

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