Filipe Pacheco
Stories by Filipe Pacheco
World’s biggest IPO gets bigger: Aramco IPO raises total of $29.4b
The Saudi government institutions have invested almost $2.3 billion into the offering.
Saudi Aramco faces tough test less than a month after $25.6b IPO
Aramco fell 0.6 per cent as of 10:32 am in Riyadh to 34.35 riyals, narrowing its gain to 7.3 per cent since it listed at 32 riyals on December 11.
Goldman Sachs to test Saudi Arabia’s market rules to limit stock swings post IPO
The US bank is acting as stabilization agent for Arabian Centres, which may start trading this week.
Three IPOs in the offing as Dubai bourse promotes local listings
The bourse is also looking to increase the representation of tourism, retail, healthcare and education among listed companises.
Tel Aviv exchange sells 19.9% stake to New York-based Manikay Partners
The deal values the Tel Aviv Stock Exchange at 551 million shekels ($157 million).
Emaar Properties raises $1.3b in biggest Dubai share sale in 3 years
The Dubai-based developer of the world’s tallest skyscraper sold 800 million shares of Emaar Development PJSC at 6.03 dirhams a share.
Emaar Properties set to end UAE’s IPO drought, eyes real estate biz stake sale
Excluding Orient UNB Takaful PJSC, which hasn’t traded since it was listed in June, there have been no IPOs in the UAE. since 2014.
As you wait for Aramco, here are other Middle East IPO hot spots
IPO activity in the region may pick up this year.
