Saudi tops IPO activity; 6 MENA deals raise $2,822mln in Q2 2019 | ZAWYA MENA Edition:
The second quarter of the year witnessed an improvement in Initial Public Offer (IPO) activity in the MENA region despite a dip in volume.
IPO deal value increased by 222.6 percent to $2,822.5 million in Q2 2019, up from $874.9 million during the same time last year, professional services firm EY said in its latest report MENA IPO Eye.
In terms of volume, only six deals were recorded in Q2 2019, including one REIT listing, a decrease of 33.3 percent from the nine deals listed in Q2 2018.
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