Complex Made Simple

GCC IPOs fall 50% in first half

The first half of the current year witnessed a 50% drop in the number of initial public offerings (IPOs) in the GCC, compared to the same period last year, Gulf Daily News has reported. Only four deals have been reported this year so far, compared with eight in the first half of 2010. The values of deals plunged 57% to $358m compared to the $830m raised during the same period last year.