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Wednesday, 26 July 2017

Pipeline of IPOs From U.A.E. in Full Flow Ahead of Aramco Sale - Bloomberg

Pipeline of IPOs From U.A.E. in Full Flow Ahead of Aramco Sale - Bloomberg:

"Saudi Arabian Oil Co. isn’t the only one keeping IPO markets busy in the Middle East. A slew of companies from the United Arab Emirates, both sovereign-owned and privately held, is lining up initial public offerings in a bid to capitalize on money returning to emerging-market funds this year and as states in the region make their stock exchanges more liquid. “We are seeing a growing IPO pipeline across sectors in the Middle East as economies in the region have increasingly diversified away from natural resources over the last 10 years, or so,” said Tom Johnson, head of equity capital markets in Europe, the Middle East and Africa at Barclays Plc. “Importantly, emerging-market funds have seen inflows, making more money available for IPOs.”"



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