Law firm forecasts bumper market for Gulf IPOs | ZAWYA MENA Edition:
"The total value of initial public offerings (IPOs) undertaken by Gulf companies listing their shares on regional stock markets could reach record highs this year - even if the anticipated flotation of a stake in oil giant Saudi Aramco doesn't take place, according to a new report by international law firm Hogan Lovells. The firm's 'Investment Outlook 2018: Transaction and deal trends in the GCC' report published on Tuesday argued that the market for IPOs in the Gulf picked up sharply last year following two subsequent years of decline. The 26 entities listed on Gulf exchanges was the second-highest number ever and the $3.7 billion total value of IPOs was the highest since 2007."
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