Reported 21 days ago
Investors are increasingly drawn to initial public offerings in the Middle East as local economies move beyond oil dependency. Lulu Retail Holdings and United International Holding are among firms seeing strong demand, with Lulu aiming to raise $1.72 billion in the UAE’s largest IPO of the year. The trend signifies a diversification of offerings across various sectors, showcasing market maturity. Despite some IPOs underperforming, the overall average of new stocks has risen significantly in their debut, indicating robust investor interest and a promising pipeline of upcoming listings.
Source: YAHOO