Gregory Hughes, Mena IPO
leader, EY, said: "The increase in IPO
activity across the Mena region during the second quarter of this year, which included two cross-border listings, is proof that companies are still keen to execute IPOs
and gain access to international investors and stock markets.
exchange activity continued to pick up in the seocnd quarter of 2019, with 302 IPOs
raising $56.8 billion, marking an increase of 47.3 per cent in IPO
volumes compared with first quarter of 2019, despite the US-China trade tensions and uncertainties related to Brexit.
'Prior to our launch of PSE EASy, LSIs who want to avail of IPO
shares had to go to designated IPO
kiosks in select Metro Manila malls to secure and fill up a subscription form, bring this form to their broker's offices for acknowledgment, and then bring the same back again to the kiosk to make the payment - a very cumbersome process for a LSI who could only invest then a maximum of P25,000 per IPO
,' PSE president and chief executive officer Ramon S.
Stock market investors now prefer to use electronic IPO
platforms to subscribe for new initial public offers (IPOs
During the days of the dot-com boom, tech IPOs
had the reputation of being an easy win for investors, with big first-day gains virtually guaranteed.
Saudi Arabia led IPO
activity in 2018 with 12 IPOs
"Although the IPO
market in the region has picked up in 2017 and 2018, corporate issuers continue to look for reduced volatility in oil prices, and a stable near term outlook for secondary markets within the region, to take to the primary market," said Faisal Hasan, head of investment research at Kamco.
This study raises an issue on the investors' reaction in the immediate aftermarket when IPOs
that are issued and rise together with the "offer for sale" as part of the IPO
but the offer for sale would be used only to distribute cash to the existing shareholders.
of Cairo for Investment & Real Estate Development Company raised $69.7m.
"As I see it, we might be delayed on the IPO
. We're still working on it, but I think we might get delayed to probably next year," Comendador said.
Compared to the second quarter of 2017, both IPO
value and activity increase year-on-year by 42.8 per cent and 12.5 per cent, respectively.