Why only one in three IPOs succeed in the GCC
- Date: 19-Apr-2022
- Source: SME10X
- Sector:Financial Markets
- Country:Gulf
Why only one in three IPOs succeed in the GCC
A new report published by Iridium Advisors, entitled “The Renaissance of IPOs in the GCC” reveals examines the success rate of company listing and demystifies some common misconceptions about IPO winners and losers.
According to the report, only one-third of the 38 GCC IPO market debuts are successful. According to the study, just 38 percent of IPOs were priced adequately; and only 32 percent of companies traded within the typically desired share price range of 20 percent within the first 30 days of going public. Additionally, merely 31 percent of new listings outperform companies that are already listed in the longer term.
Iridium’s analysis of 457 initial public offerings in the GCC region between 2005 and 2021, benchmarked companies against three objective criteria of success:
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