MENA IPOs Raise $82.8 Mln In 1Q 2012 – Ernst & Young

DUBAI (Zawya Dow Jones)–Initial public offerings in the Middle East and North Africa region raised a total of $82.8 million in the first quarter of 2012, with activity still depressed by low valuations, according to a report published Saturday by Ernst & Young.

The amount raised in the first quarter was well above the $21.7 million of IPO transactions in the equivalent period of 2011, when the Arab spring revolutions were getting underway, but was a small fraction of the $226.1 million of IPO deals in the final quarter of last year.

Article by Links Group on May 6th 2012