Hopes high for Gulf IPO market recovery
- Middle East: Monday, September 17 - 2012 at 12:27
Analysts have said hopes for a recovery in the Gulf region's IPO market are growing as local bourses show renewed signs of life and potential issuers, emboldened by relatively stable local economies, show tentative interest in stock market listings again, Zawya Dow Jones has reported. According to Ernst & Young, Middle Eastern and North African companies raised a total of $1.37bn in the first six months via IPOs, compared with $396.47m in the first half of 2011. "When people see markets active again, they are ready to push the button. Opportunities remain for quality companies to IPO in the second half of 2012 and in 2013," said Christopher Laing, a managing director in Emerging Markets Equity Capital Markets at Deutsche Bank.
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