Analysis of the equity markets

Original title: Analyse af markederne for egenkapital

Recent studies and stakeholders have pointed out for some time that the Danish market for small and medium size IPOs is less well functioning than in e.g. Sweden. However, the present studies takes a broader view on all markets for equity (M&A, minority trades as well as IPOs).

Our study finds that Sweden is excelling compared to Denmark, not just in small and medium size IPOs, but also in M&A markets and minority trades. In particular, our main conclusions are:

Hence, although Sweden is very similar to Denmark in many other aspects, Sweden has a far larger market for risk capital and thus a far better basis for growth.

The study is commissioned by the Danish Ministry of Industry, Business and Financial Affairs