Our Take: Tough Sell for Upstream IPOs in Europe

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Ithaca Energy's disappointing start to life as a publicly traded company may not be the best gauge of investor interest in fossil fuels amid the current energy crisis but we still think it suggests flotations of E&Ps could remain a difficult sell, at least in Europe. UK North Sea-focused Ithaca went ahead with the first oil and gas IPO on the London Stock Exchange since 2018 last week despite market volatility, uncertainty over government intervention and antipathy toward the sector from climate-minded investors — and duly tanked on its debut.

Equity and Debt Markets, Corporate Strategy , Offshore Oil and Gas, Independent E&Ps, Macroeconomics
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