Political upheaval in the region has negatively impacted GCC investor confidence with several companies reassessing their initial public offering plans and either deferring or shelving future IPOs, PricewaterhouseCoopers, or PwC, said on Tuesday.
“The first quarter of 2011 has been very disappointing so far for IPOs in the region with no transactions yet to be reported on any of the GCC exchanges compared to the three offerings in the last quarter of 2010 which raised approximately $1 billion,” said PwC, a professional services organisation……………………………………….Full Article: Source