IPOs & Equity Capital Markets

European Investment Banking Fees to Rebound in 2026 Lifted by PE Exits & IPO Revival

Gist European investment banks expect a meaningful rebound in fee pools by 2026, driven mainly by renewed private equity exits and a gradual IPO recovery. Despite a 22% rise in 2025 European M&A volumes to about US$894.5 billion, investment banking fees grew only ~2%, sharply lagging U.S. fee growth of ~14%. Stabilizing interest rates, listing-rule …

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European Investment Banking Sees Fee Rebound in 2025, IPOs & PE to Drive 2026 Growth

Gist European investment banking fees in 2025 lagged the U.S., but banks expect a sharper European rebound in 2026. European M&A rose 22 % to about USD 895 billion, skewed to mid-market deals rather than U.S.-style megadeals. IPO/ECM activity was very weak in 2025, yet banks see a sizable 2026 pipeline as rates and macro …

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