Five IPOs in MENA raise US$1.3 billion in first quarter 2014, says EY - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"According to EY’s Q1 2014 MENA IPO update, five IPOs from MENA raised US$1,283.8 mn in Q1 2014, a decrease of 21% in terms of value compared to Q1 2013. The MENA IPO market in Q1 2014 saw no change in terms of volume compared to Q1 2013.
Phil Gandier, MENA Head of Transaction Advisory Services, EY, says: “The MENA IPO market is off to a slower start in the first quarter compared to the same period last year, however compared to IPO performance over the past few years, Q1 2014 has been one of the best performing quarters. The recently announced Emirates REIT and Marka IPOs will spur further IPO activity and point the way to high levels of activity through the first half of 2014.”"
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