Klarna IPO and ASML Mistral Bet Revive Tech Dreams European

London – It was a busy week for the European Technology Sector.

On Tuesday, an outdated artificial intelligence startup of eleven eleven eleven -sized artificial intelligence announced that it would allow employees to sell stocks in the secondary round, which doubles up to $ 6.6 billion.

Then the Dutch firm chips asml on Wednesday confirmed that it was Leading French firm AI Mistral’s 1.7 billion. In estimated 11.7 billion euros (13.7 billion dollars) – compared to 5.8 billion euros last year. Mistral is considered a competitor similar to Openai and anthropic.

To stop it, Swedish firm Fintech Clear On Thursday debuted on the New York Stock Exchange After AS The long -awaited original public offer. Klarna’s shares ended at the day at $ 45.82, which gave a market value of more than $ 17 billion.

These events have been hoping that Europe is capable of developing a technology industry that can compete with the US and Asia. Over the past decade, investors have talked to the potential of Europe to create valuable technology firms, giving up the idea that the Silicon Valley is the only place to create new innovative enterprises.

However, the dreams of the “golden era” of European equipment have never been created.

The key ball curve came in the form of a Russian invasion in 2022 to Ukraine, which led to inflation to take off and world central banks to increase interest rates. Higher rates are considered bad for capital technology firms that often need to raise cash for growth.

Ironically, in the same year, Klarna – which at one point estimated up to $ 45.6 billion in the financing, led by SoftBank – a market value was reduced by 85% to $ 6.7 billion.

Now investors of the venture capital of Europe are considering the recent noise around the technology firms of the region as less renaissance and more “growing wave”.

“It started 25 years ago when we saw the first signs of a European technological ecosystem, inspired by the original Dotcom boom, which was very much coped with the silicone valley,” said CNBC Saranga Chandratillake.

Balderon supported a number of well -known European technologies, including Fintech Revolut and self -managed car technology developer.

“There were temporary failures: the financial crisis of 2008, the post-vocal technological downturn, but the ecosystem bounced back each time,” Chandratylak said.

“Now, the merger of a huge new technological opportunity in the form of a generative II, as well as a community that has done it before and has access to the necessary capital, is a surprise that gives a huge number of companies that determine the sector,” he added.

Investors supporting the continent’s technological startups say you need to make a lot of money – especially against the background of economic uncertainty caused by President Donald Trump’s trade tariffs.

For the first time, there is now a clear discount on European technology. Last year Venture firm Atomico “State of European Tech” last year tied the cost of the European technological ecosystem in $ 3 trillion And he predicted that he would reach 8 trillion by 2034. By 2034. Compare this with history in the USA where the largest megacap united costs more than 20 trillion dollars.

“Ten years ago there was no European startup worth over $ 50 billion; there are several,” Jan Hammer, a partner of Index Ventures, who supported similar Revolut and Adensaid CNBC.

“Tens of thousands of people now have rumors that create and scale global companies from companies such as Revolut, Alan, Mistral and Adyen,” Hammer added. “The main thing is that European startups are no longer just expanding abroad – they are born global since the first day.”

Amy Naicoas, founder and CEO of Fintech Investor Anthemis, suggested that investors could consider Europe as something in the safe shelter market amid heavy geopolitical risks and macroeconomic uncertainty.

“This is an opportunity to invest for sure,” said Naucoas CNBC. “Macroeconomic dislocation always contributes to the violation of the entrepreneurial stage and innovation.”

“This time, the trends in the family office, the shift of capital … And the total constipation on the US institutional distribution market believe that … global investors in the UK (and) European private markets should be much more money.”

Despite the bovine moods related to European technology, there remain systemic problems that impede the technological firms of the region to achieve the scale of their American and Asian colleagues.

The startup -investors have been pushing for a greater distribution from pension funds to the stock venture capital in Europe. And the European market is very fragmented, with the rules varying from country to country.

“In fact, nothing that stops European technology companies scale, become huge,” Niklas Zenstra. The CEO and the founder of the partner “Early Klarna Investor Atomico” spread, CNBC said.

“However, there are some conditions that make it difficult,” he added. “We still have no market.”

Several technological entrepreneurs and investors supported a new initiative called “I INC“Last year launched, its purpose is to increase the technological sector of the European Union through the formation of the” 28th regime “-a underpinned pan-European legal framework to simplify complex rules for different EU Member States.

“Currently, Europe is in bad space for pretty obvious reasons, but I don’t think there are many founders who are there,” said Bede Moore, Chief Commercial Director of the Investment Firm In the Early Stage Antler, CNBC.

“At best, what you can say is what is this secondary tail wind that is that people feel a galvanized need in Europe … be a little more independent.”

See: Interview CNBC CEO Klarna Sebastian Symotkowski