GCC IPO Market Watch

IPO Market Watch GCC surveys conventional bond and Islamic issuance and new primary market equity IPOs on GCC’s principal stock markets and market segments (including exchanges in Kingdom of Saudi Arabia, Kingdom of Bahrain, Kuwait, Sultanate of Oman, Qatar and the United Arab Emirates) on a quarterly basis.

All market data is sourced from publically available information and has not been independently verified by PwC.

GCC IPO Market Watch
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One IPO in Q4 2016 in the GCC

IPO activity in the Gulf Cooperation Council (“GCC” or the “Gulf”) remained lacklustre during Q4 2016. Investors sentiment continue to be affected by ongoing geopolitical uncertainty, government’s additional austerity measures accompanied by further spending cuts, whilst regional stocks indexes remained bearish throughout the year a late rally in oil prices helped ease the pressure on regional budget constraints. 2016 proved to be one of the weakest IPO performance in terms of number of offerings (“4 the smallest since 2010) and total proceeds raised of USD 781.7 million (the lowest since 2013), according to PwC’s Capital Markets and Accounting Advisory Services team.

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Steve Drake
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