As the initial public offerings (IPOs) in the Gulf Cooperation Council (GCC) market witnessed another bad year, analysts see a sluggish year ahead for new issues.
Three IPOs in the GCC in the fourth quarter of 2011 raised a total of $212 million, with values falling a marginal 3 per cent compared to the previous quarter but down 79 per cent year on year, PriceWaterhouseCoopers ( PwC) said in a report Tuesday………………………………………..Full Article: Source