Activity in initial public offerings (IPOs) across the Mena region declined in the first quarter (Q1) of 2015 after an active Q4 2014, with only two IPOs collectively raising a total capital of $255.7 million, said an industry expert.
Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc's 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite having posted big losses over the past three years.
Alkhabeer Capital, a Saudi Arabia-based investment advisory firm, plans to offer new shares worth about 30 per cent of its capital in an initial public offering (IPO) on the local bourse by early 2014, its chief executive said.
A total of four initial public offerings (IPOs) raised more than $1 billion on the GCC stock exchanges during the second quarter of this year compared to three IPOs which raised $340 million in the same period last year, a report said.
Two top US financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange.
Facebook has increased the price range in Silicon Valley's biggest-ever initial public offering to raise more than $12 billion, giving the number one social network a valuation potentially exceeding $100 billion.
Facebook added 25 banks to help underwrite the company's initial public offering, meaning most of Wall Street will have a role in the share sale, according to an amended IPO filing on Wednesday.
Facebook unveiled what is expected to be Silicon Valley's largest ever initial public offering, but made it clear to outside investors that they will have little voice in its running.
Founder and CEO Mark Zuckerberg will continue to ex
The value of initial public offerings (IPOs) in the Mena region surged 23.6 per cent to $218.9 million in the third quarter compared to $177.04 million last year, according to a report by Ernst & Young.
E&Y in its IPO upd
UAE-based real estate company Eshraq plans to launch an initial public offering (IPO) worth Dh825 million ($224.6 million), equivalent to 55 per cent of the company’s total capital, with each share amounting to Dh1.
The IPO, whi