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Can GCC markets sustain the IPO momentum in 2024?

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The GCC could be headed for another bumper year for initial public offerings in 2024, thanks to governments in the region pushing for privatisation, the growing appetite of private sector companies to raise capital and strong investor demand, according to companies and analysts.

Stellar post-listing performance of regional companies – returning an average of 40 per cent to investors – has increased the popularity of IPOs, leading to a rise in the pipeline for new public floats.

“Past trends of strong [investor] interest and post-listing…



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