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FX debate

FX debate

Currency markets in a post credit crisis world

The best private banks in 2008

The best private banks in 2008

An informative guide for high net-worth individuals on the range of service providers that are available

Wednesday, April 9, 2008

GCC countries issue 8 IPOs worth USD 4bn in Q1.





GCC countries issue 8 IPOs worth USD 4bn in Q1. The GCC countries issued 8 Initial Public Offering (IPOs) in Q1 of 2008 with value increase by 351% y/y to USD 4bn, private equity Gulf Capital reported. The number of IPOs nearly doubled to 33 at the end of 2007, while a total of 120 IPOs will be launched between Q2 of 2008 and 2010 with a combined value of USD 24bn. The report forecasted that the value of IPOs will surge by 101% y/y in 2008 spreading over construction, transportation, telecommunications, media, education and other sectors in addition to financial services, oil and gas, and real estate.


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