05.07.2012 - Saudi Kingdom leads IPOs in the Gulf
Initial Public Offering (IPO) activity picked up in the Gulf Corporation Council (GCC) in Q2 2012 which raised over $1.1 billion, witnessing the strongest quarter-wise IPO performance in the last two years, PriceWaterhouseCoopers (PwC) said Sunday in its Capital Markets Watch GCC report. PwC report found that a total of four IPOs raised $1.104 billion on the GCC stock exchanges during the quarter compared to three IPOs which raised $340 million in Q2 2011, a 69 percent increase in value. Average IPO offering value rose to $276 million in the quarter compared to $39 million in Q1 2012 and $113 million in Q2 2011...............................................Full Article: Source
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