Europe's infotech capital raising drops to $804.7M in April

Capital market activity in Europe's IT sector declined on a sequential and year-over-year basis to $804.7 million in April, according to S&P Global Market Intelligence data.

By comparison, the sector raised $4.52 billion through capital offerings in March and $1.50 billion in April 2025.

Debt offerings made up the bulk of the total in April at $531.2 million, while common equity offerings amounted to $273.5 million.

German semiconductor company AIXTRON SE's $530 million convertible bond offering was the largest of the month and the eighth-largest in the sector year to date.

The company intends to use the net proceeds for general corporate purposes, which may include investments to support organic growth, acquisitions and share buybacks.

– Read about the largest capital offerings made in the European infotech sector in March. – Visit our Transactions Statistics page for a custom screen of capital offerings.

REC Silicon ASA, a Norwegian producer and seller of silicon materials for the solar and electronics industries, completed a $100 million common equity offering on April 7. The transaction was a subscription rights offering, with Anchor AS, REC Silicon's largest shareholder, agreeing to fully guarantee the rights issue. Proceeds will be used to repay advance payments on a long-term $30 million offtake contract, repay existing debt facilities and for general corporate purposes.

In the same month, Raspberry Pi Holdings PLC, a developer of single-board computers, compute modules and semiconductors, completed a $80 million common stock placement. The underwriters were Jefferies International Ltd. and Peel Hunt LLP.

Nebius Group NV's offerings of $2.59 billion and $1.75 billion in March are the largest so far this year, followed by two Infineon Technologies AG offerings in February, each worth $890 million.

Systems software companies in Europe raised the most capital so far this year, at $6.34 billion, while semiconductor companies raised $2.37 billion and communications equipment companies raised $780 million.