TK Elevator, a German company, is gearing up for a potential IPO in Frankfurt, potentially Europe’s biggest in years. If successful, the listing could value the elevator and escalator manufacturer at around EUR 25 billion. This development signals hope for Europe’s IPO market after a period of stagnation.

Europe saw improved exit momentum in the second half of 2025, with exit value doubling from the first half and exit count rising by 15.6%. The region’s five largest PE-backed IPOs of the year all occurred in the second half, totaling EUR 23.3 billion in value, indicating renewed optimism in the market.

Recent notable listings in Europe include Verisure’s EUR 3.6 billion IPO in Stockholm and Shawbrook Bank’s London float at a valuation of GBP 1.92 billion. The year also started strong with Czechoslovak Group’s EUR 3.8 billion listing in Amsterdam. These activities reflect a positive trend in the IPO market.

TK Elevator was acquired by Advent, Cinven, Abu Dhabi Investment Authority, and Germany’s RAG Foundation for EUR 17.2 billion in 2020. Saudi Arabia’s Public Investment Fund also acquired a 15% stake last year, valuing the company at over EUR 23 billion. These investments set the stage for the company’s potential IPO.

Read more at Morningstar: TK Elevator to Be Valued at up to $29 Billion in Potential Frankfurt IPO