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Thursday, October 25, 2012

REFILE-Potential for $200 billion of European IPOs in next 18 mths-Barclays, (NYSE: BCS)

Potential initial public offerings in Europe could raise as much as $200 billion over the next 18 months, a senior banker at Barclays Plc said on Thursday, as companies begin to return to the moribund flotations market.Deals on this scale, supported by increasing interest in investing in Europe again, would represent a huge turnaround after months of inactivity brought on by choppy stock markets.But the European market for new listings has started to show signs of life in recent weeks, with British insurer Direct Line and Germany's Talanx among those whose shares have risen on stock market debuts."It is so important that we have had a few successful deals that have traded well and made people money," Sam Dean, global co-head of equity capital markets (ECM), said on Thursday.

Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS traded higher by 1.7% or $0.25/share to $14.95. In the past year, the shares have traded as low as $9.20 and as high as $16.41. On average, 4537520 shares of BCS exchange hands on a given day and today's volume is recorded at 2169507.