Lull in UAE capital market activity for now, but great things to come | The National:
"Whatever happened to the “wave” of initial public offerings (IPOs) we were told at the beginning of the year was going to wash over UAE markets?
Sure, there has been a healthy pick-up in capital markets activity over the past six months, with IPOs successfully completed by Emirates Reit and by Marka.
The latter was heavily oversubscribed, indicating a shored-up demand for well-backed and well-conceived IPO projects, even with no trading record and no profits in prospect for some years. Its shares will begin trading soon, perhaps next week according to people involved in the transaction, so we will see how all that demand translates into the after market."
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