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7/4/24, 4:35 PM Gulf IPO Pipeline ‘Extremely Active,’ EFG Hermes’ ECM Head Says
Gulf IPO Pipeline ‘Extremely Active,’ EFG Hermes’ ECM Head Says
Farah Elbahrawy Julia Fioretti
Bloomberg News Bloomberg News
EFG Hermes sees more listings and secondary offerings in MENA
Bank has top market share for ECM activity in region this year
An <-bsp-bb-link state="{"bbHref":"bbg://news/topics/ECM","_id":"00000190-7bb5-d0b4-afdb-
7fffc9be0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">equity capital markets boom in
the Gulf shows no signs of slowing down, with e-commerce and information technology companies
among those expected to go public in the second half, according to the top ECM bank in the region
this year.
“We’ve been very busy in terms of pitching to establish a second half pipeline, which is looking
extremely active for us,” said <-bsp-person state="{"_id":"00000190-7bb5-d0b4-afdb-
7fffc9bf0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Ali Khalpey, the head of equity
capital markets at EFG Hermes. “The demand picture remains intact mainly because the macro
remains very constructive.”
He expects his firm to work on five listings in Saudi Arabia by ...
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