IPO activity in the Gulf states will be strong in 2023
Thursday, April 20, 2023
Significance
The back-to-back ADNOC fundraisers are indicative of a flourishing IPO market throughout the Gulf Cooperation Council (GCC) states that stands in contrast to depressed activity elsewhere in the world.
Impacts
- Growing IPO activity will help to deepen the local financial services industry and entrench the place of leading foreign investment banks.
- The surge in IPO activity will enable the region’s economies to diversify from oil and expand the private sector.
- Green energy plans in the GCC will attract IPO investors into the medium term.
Related articles
