Mena IPOs likely to slow in 2015 after banner year | The National

Mena IPOs likely to slow in 2015 after banner year | The National:



"Initial public offerings in the Mena region may slow this year because of the oil price drop after last year posting the highest value since the 2008 financial crisis, the consultants EY said yesterday.



Companies in the Mena region raised US$11.5 billion through 27 IPOs last year, nearly four times the $3bn reached in 2013 and the highest since 2008, when $13.2bn was mopped up.



“Although there is a healthy pipeline of IPOs for 2015, companies are adopting a “wait-and-see” approach until markets have settled,” Phil Gandier, EY’s Mena transaction advisory services leader, said in a statement. “The interest is still there, but companies are watching the markets closely, waiting for the right window of opportunity to float.”"



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