This time, the Gulf IPO wave looks likely to make it ashore | Arab News

This time, the Gulf IPO wave looks likely to make it ashore | Arab News:

"Gulf markets are braced for a wave of initial public offerings (IPOs). I wish I’d had a dollar for every time I have read that, or indeed written it. But — maybe, just maybe — this time the prospect of a rush to market by Gulf corporates will actually come to pass. All the signals are set to green. Global equity markets are at all time highs, there is still no sign of an imminent leap in interest rates to get global bond markets soaring again, and asset valuations are at the kind of levels where owners must surely be tempted to cash in. In the Gulf, equity markets have been prevented from joining in the global shares party by concerns about the economic effect of the oil price — still the region’s most important indicator. But neither have they collapsed. Equities have actually held value more than crude since the summer of 2014."



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