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FINANCIAL NEWS
Q2 MENA IPOs raise 1.29b: E&Y
01 Aug 2012
(MENAFN) A new report by Ernst & Young (E&Y) showed that initial public offerings (IPO) in the Middle East and North Africa stood at USD1.29 billion during the second quarter of 2012, Arabian Business reported.
The April-June period saw the launch of five IPOs in the region, with the value almost three and a half times more than the USD374.77 million raised a year earlier, according to E&Y’s MENA Q2 2012 IPO Update.
The figure was 15.46 times larger than the USD82.8 million raised in the first quarter, the report said.
A total of USD1.37 billion was raised in the IPO markets by regional companies during the first half of the year, about 350 percent larger than the USD396.47 million a year earlier, the report added.
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