MENA IPO value drops by 45% in Q3 2019: EY | ZAWYA MENA Edition:
Initial Public Offering (IPO) deal value in the MENA region dropped nearly by half in Q3 2019 compared to the same period last year, a report by EY showed.
The EY MENA IPO Eye Report said that IPO value in the region fell by 45.3 percent in Q3 2019 to $190 million, from $347.3 million in Q3 2018.
Two deals were recorded in Saudi Arabia and Egypt in the quarter, compared to four deals in Q3 2018, the EY report showed.
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