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Article: Activity declines in the Middle East IPO market in Q3 of 2009: Ernst & Young.
- Article from:
- Mena Report
- Article date:
- November 3, 2009
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Summary: Three IPOs in Saudi Arabia and one in Syria raised a total of US$871.79 million in Q3 '09
The initial public offering (IPO) market in the Middle East has declined according to the figures in the Ernst & Young Middle East IPO Update for the third quarter (Q3) of 2009. A total of four companies listed in the Middle East in Q3 2009 raised US$871.79 million in Q3 2009 compared to five IPOs raising US$1.021 billion in the previous quarter and 14 IPOs raising US$3.74 billion during the Q3 '08. A total of US$1.97 billion has been raised in Middle East IPOs in the first three quarters of 2009 compared to US$12.44 billion in same period last year.
Three ...