Mena IPOs surge 60% in Q4 2017; capital tops $2.5bln | ZAWYA MENA Edition:
"Mena IPO activity witnessed eight deals during Q4 2017, representing a 60 per cent surge in volume over the same period in 2016, while the capital raised hit $2.5 billion, over ten times the capital raised last year and the highest since 2014. The UAE led the Mena IPO market in value, having raised a cumulative of $2.2 billion in capital, primarily contributed by the Emaar Development IPO ($1.3 billion), which was the biggest IPO in the region since 2014, said professional services firm EY. The UAE also saw another successful issuance in the form of Adnoc IPO which raised a capital amounting to $850.9 million"
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