GCC IPO market could recover in H2 – ZAWYA

GCC IPO market could recover in H2 – ZAWYA

GCC IPO market could recover in H2 | ZAWYA MENA Edition HomeMarketsEquitiesArticleGCC IPO market could recover in H2 Saudi Arabia and the UAE will lead the IPO activity as eight IPOs are expected to be launched in the second half or by early 2021    A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.The GCC is expected to see a modest recovery in initial public offerings (IPOs) in the second half of 2020 after registering just two IPOs during the January-June 2020 period.Market experts and analysts said Saudi Arabia and the UAE will lead the IPO activity as eight IPOs are expected to be launched by these two Gulf countries in the second half or by early 2021."The GCC IPO market remain subdued in the first half of 2020 due to Covid-19 but it is projected to fare better when compared to the first half of this year. It is expected that five Saudi companies will launch their IPOs during July-December 2020 period while three UAE firms may also raise money through IPOs