Mena IPO market set to rebound on back of new state initiatives

Mena IPO market set to rebound on back of new state initiatives

The IPO market in the Middle East Africa is expected to bounce back over the coming months while economic conditions in the region continue to improve, according to EY analysts. Looking at the remainder of 2021 and beyond, there are many reasons to be optimistic about the upcoming quarters despite a slow start in the first quarter, according to EY Mena IPO report.

''A strong IPO pipeline in key Mena markets across sectors, coupled with various government initiatives to deepen the capital markets, particularly in Saudi Arabia and the UAE, should help bring more IPOs to markets in the region,“ said Gregory Hughes, EY Mena IPO and Transaction Diligence leader. He said the underlying economic factors within the region remain strong. ''We anticipate that future IPO activity in the Mena region will reflect the overall positive signs that we are beginning to see.“