GCC share of global IPOs jumps to 23% in 2022
- Date: 27-Dec-2022
- Source: Al Bawaba
- Sector:Financial Markets
- Country:UAE
GCC share of global IPOs jumps to 23% in 2022
The GCC's share of the global initial public offering (IPO) market increased in 2022.
According to EFG Hermes, out of $91 billion (Dh334 billion) raised through IPOs worldwide, around $21 billion (Dh77 billion), or 23%, were raised by GCC companies in 2022. This is a massive increase when compared to the previous year when GCC IPOs accounted for just 2% , or $10 billion, of the global IPOs.
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