Browse related articlesSaudi bourse surpasses London in IPO activity
Saudi Arabia: Saturday, May 31 - 2008 at 07:51
The Saudi Stock Exchange was the world's second-busiest market for initial public offerings in the first five months of this year, surpassing London, reported Reuters. The New York Stock Exchange was tops with 12 new issues raising a combined $24.4bn, up 173% year on year. The total of Saudi Stock Exchange IPOs jumped 322% from a year earlier to $8.5bn, boosted by Al Inma Bank, which raised $2.8bn in the country's biggest IPO in April.
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Jeff Florian, Senior ReporterSaturday, May 31 - 2008 at 07:51 UAE local time (GMT+4)
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