|
|
Article: Weekly Economic Briefing.
- Article from:
- Saudi Economic Survey
- Article date:
- May 18, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The difficult market conditions during the first quarter of 2009 have hindered the growth of the IPO markets worldwide. Obviously,profitable companies with strong cashflow are unwilling to list during such a period where valuations are extremely low,since they are not desperately in need for cash, the owners are unwilling to trade their companies undervalued.
Poor and loss-making companies that are in urgent need for capital in order to proceed will find it tough to list under such market conditions as no underwriters will be willing to help them listing.
As a result, hardly companies list during this period. However,many quality companies from both ...