Europe’s Tech Exodus Drained $1.4 Trillion in Value, Study Shows

European technology companies with a combined value of €1.2 trillion ($1.4 trillion) have debuted on overseas exchanges or ended up in the hands of foreign buyers over the last decade, a study found.

Conducted by Swedish private equity group EQT AB in collaboration with consultancy McKinsey & Co., the study recorded about €700 billion of buyouts by non-European firms and initial public offerings of tech companies between 2014 and 2025. As of January, the value of those firms was estimated to have soared to about €1.2 trillion.