Page 141 - ALEF EDUCATION PR REPORT - JUNE 2024

6/7/24, 9:45 AM Alef Education IPO 39 times oversubscribed | AGBI
Most Gulf companies that completed IPOs recently have seen their market
capitalisation soar. Issuers have priced flotations adroitly to bolster

investor demand for their stocks after listing.

From the start of 2023 to May 23, 2024, there had been 20 Gulf IPOs that
raised at least $100 million. Combined, these sold $11.2 billion of shares.

As of that date, the share prices of 18 of these companies have increased

since their listing. One remained flat and only one fell; Investcorp Capital,
which was down 11 percent.

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