Phil Gandier, MENA Transaction Advisory Services Leader, EY, says, "Egypt and Saudi Arabia continue to be strong IPO
performers; the IPOs
on Egyptian and Saudi Arabian exchanges were the primary drivers of IPO
activity in MENA in H1 2015.
With 36 IPOs
in the final month of the quarter, this represented the most June IPOs
since the technology IPO
boom in 1999, and if it were not for the slow start in April the entire second quarter could have reached a new IPO
In the second quarter of 2014, IPO
activity in the region picked up pace and there were 11 IPOs
The combination of improved liquidity and reasonable valuations will continue to drive the IPO
activity in the region.
While the total number of IPO
firms declined by 67 from the previous year, the number of those posting initial market quotes below their respective IPO
prices increased by nine.
Intermestic decided to postpone its IPO
that was planned for August 31.
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The SARS outbreak in Asia and uncertainty over the Iraq war hindered IPO
activity in the first half of last year.
based Renaissance Capital, an IPO
research firm serving institutional investors, the China Life IPO
would be the largest since financial-services company CIT Group listed in July 2002, raising US$4.
Stitt argued that an IPO
should be undertaken to accelerate growth -- not to give executives a chance to cash out.
To Yusuf Haque, an analyst with IPO
Maven, the offer and its conservative trading volume of 13.
For investors who want exposure to IPOs
without the risk of buying individual stocks, DeGraw recommends IPO
Plus Aftermarket fund (Nasdaq: IPOSX) (888-IPO-FUND; www.