According to Bulletin No. 266, article 4, European stock markets have struggled to match the vibrancy of US equity markets for several years. This disparity is highlighted by the successful SpaceX initial public offering (IPO) in June 2026 and anticipated listings from the artificial intelligence sector. The gap between the two regions is not only apparent in the frequency of IPOs but also in the total amounts raised, company valuations, and the number of cross-listings.
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Despite macroeconomic differences, there are no clear reasons justifying this gap. The notion that the financing continuum in the US—linking private capital to public equity markets—is significantly stronger is often overstated. Regulatory differences between the US and EU markets are also minor. The Savings and Investments Union presents a viable avenue for European policymakers to enhance capital markets, bolster market infrastructure, and modify IPO regulations, making EU markets more appealing.
This information was last updated on October 8, 2026.