The European initial public offering pipeline is looking just as healthy as last year, despite concerns that many floats may have to be pulled or cancelled after sub-prime issues that triggered a drop in equity markets towards the end of July, according to data just published.

Although European initial public offering issuance in August fell by a third compared to 2006, the pipeline of listings before the end of the year is robust, with 204 European flotations worth over $38bn (€ 27.9bn) planned, according to data provider Thomson Financial.