Home » Stock Market Articles » Middle East IPOs Enjoy Sharp Rise in Activity in Q1
Middle East IPOs Enjoy Sharp Rise in Activity in Q1
According to Ernst & Young, IPOs in the Middle East netted more than $420 million in the first quarter of 2010, up from $83.6 million in Q1 2009.
May 10, 2010 /Stock Market PR News/ -- According to Ernst & Young, IPOs in the Middle East netted more than $420 million in the first quarter of 2010, up from $83.6 million in Q1 2009.
Six IPOs, five in Saudi Arabia and one in Qatar, were introduced in Q1, with Mazaya Qatar Real Estate Development Company netting the lion's share of the capital by raising $144.21 million. Herfy Food Services also netted more than $100 million in investments -- 4.6 times more than the offer size.
Read more at IPO News Today:
Middle East IPO News - http://ipo.einnews.com/middle-east/
Saudi Arabia IPO News - http://ipo.einnews.com/saudiarabia/
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