Furthermore, we are seeing renewed appetite for cross-border IPOs
and an increase in confidence from institutional investors in GCC equity markets.
Based on the pipeline of IPOs
, we expect to see a number of premium government or partially government owned assets being floated over the next two years, particularly in the energy-related sector," said Hughes.
recover after the first correction which should give you a chance to profit on a stock rally.
in Egypt included Integrated Diagnostics Holdings PLC, Edita Food Industries, Orascom Construction Limited and Emar Misr.
market is very strong across Mena, particularly among the GCC countries which continue to attract large IPOs
and drive the strong performance in the region.
enable firms to overcome poor institutions in their country of origin by giving them access to global capital markets.
First, using different valuation multiples based on IPO
offer prices and pre-IPO
financials, we find that even after controlling for other valuation factors, second-time IPOs
sell at a significant discount relative to comparable first-time IPOs
While the total number of IPO
firms declined by 67 from the previous year, the number of those posting initial market quotes below their respective IPO
prices increased by nine.
By opening at 420,000 yen compared with its 400,000 yen offering price, this issue quickly improved the perception of IPOs
among many investors.
CCH said that "IPO
Vital Signs" analyzes over 200 data elements from every new significant IPO
registered with the SEC for its ongoing database.
The Global IPO
market saw a surge in activity in the last quarter of 2003 and early 2004, and is currently showing signs of a rebound, according to the Ernst & Young Global IPO
In a succeeding panel, Timothy Draper, founder of Draper Fisher Jurvetson, a venture capital firm, noted that VC firms tend to see IPOs
as a beginning and not an end, adding, "We're often the last ones to sell.