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FINANCIAL NEWS
IPOs in ME accumulate to USD2b in 2012: E&Y
25 Dec 2012
(MENAFN) Values of IPOs in the Middle East in the past year went up by 134 percent compared to 2011, thus hitting USD2 billion, said Arabian Business quoting Ernst & Young.
Ernst & Young had reported last year’s IPOs’ total at USD843.9 million
An official at Ernst & Young said that such an increase could be interpreted as a sign that markets are finally recovering form the implications of the global financial crisis that hit back in 2008.
It is worth mentioning that the majority of funds raised were in Saudi Arabia and the UAE.
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