According to Ernst & Young's quarter two 2011 Mena IPO Update, regional capital markets raised $374.77 million in the second quarter of 2011, down 51.67 per cent from the $775.40m raised during the same period in 2010.
However, this is still an improvement from the lows of $24.14m raised in the previous quarter, Q1 2011.
A total of $398.91m has been raised in the regional capital markets in the first six months this year compared to $1,203m in the first half of 2010, a decline of 66.84 per cent.
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