Europe's IPO Revival: Old Economy Sectors Lead Amid AI Rout

• European IPO recovery hinges on traditional sectors like defense and industrials as AI concerns hit tech stocks.
• Software companies face pressure, with Norwegian software group Visma AS delaying its London IPO.
• Brick-and-mortar sectors, supported by long-term themes like energy infrastructure and military rearmament, emerge as havens.
• Recent successful IPOs include Czech munitions maker CSG NV and copper products maker Asta Energy Solutions AG.
• Upcoming listings include Gabler Group (submarine tech), Vincorion (defense), and potential multi-billion dollar IPOs from KNDS NV and TK Elevator.