While Norway saw the most deals, London accounted for more than a third of Europe’s proceeds, with 32 deals worth $11.3 billion, up a fifth from last year’s poor showing. This includes international issuers, like Kazakhstan’s online retail bank Kaspi.kz JSC and two billion-dollar listings by Chinese companies, though the biggest debut came from online shopping emporium THG Holdings Ltd., a rare sizable domestic float.

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