EU Set to Ease IPO Rules to Lure $47 Billion Deep Tech Funding

The European Union wants to increase the number of deep tech startups in Europe by attracting 45 billion euros ($47 billion) in private money and making it easier for founders to keep control of a firm once it goes public.

The EU Listing Act, which is set to be put forward in the second half of this year, will allow “founders and families to retain control post-listing, while raising a larger amount of funds and enjoying the benefits associated to listing,” according to a draft of a new digital innovation strategy.