Europe is still waiting for a trillion-dollar company. Here’s PitchBook’s frontrunner
"With average growth assumptions, Europe should see a significant number of trillion-dollar public companies emerge by the late 2030s," the analysis firm said.
TL;DR
- Europe lags behind U.S. tech giants in achieving trillion-dollar valuations.
- Dutch semiconductor firm ASML is identified as Europe's strongest candidate to reach a $1 trillion valuation.
- ASML manufactures essential machines for advanced semiconductor chip production.
- PitchBook projects ASML could achieve a $1 trillion valuation between 2028 and 2031 based on growth rates.
- European obstacles include capital market fragmentation, regulation, and a greater emphasis on non-tech sectors.
- The U.K.'s Arm Holdings is another potential European trillion-dollar company, listed on Nasdaq.
- Europe is expected to see more trillion-dollar public companies by the late 2030s, with scale being a key factor.