2014 to be a strong year for MENA IPOs - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"MENA IPO activity is expected to remain on firm footing in 2014 following a strong uptick in listings in the last quarter of 2013, to close the year with a total of seven deals raising around US$726.2m, according to EY MENA IPO Update: Q4 2013.
Better market fundamentals are expected to support a solid start to 2014 for new offerings.
Phil Gandier, MENA Transaction Advisory Services Leader, EY, says: “The MENA IPO market is rebounding and recovering. The improving macro-economic backdrop driving up stock market valuations and rising investor confidence in key markets saw the IPO year end on a high. Q4 has seen an increase in both volume and value compared to 2012, registering the highest value of IPOs since 2008.”"
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