Page 62 - ALEF EDUCATION PR REPORT - AUGUST 2024

8/15/24, 2:43 PM Resilient MENA IPO market generates $2.64 billion in Q2 2024
Looking ahead, the report suggests that the remainder of 2024 is expected to witness strong IPO
activity in the MENA region, with 16 private companies and seven funds across various sectors
planning to list on regional exchanges.
Decline in global IPO activity
In contrast, global IPO activity declined in the second quarter of 2024 compared to the same period
in 2023. The number of IPOs decreased by 15 percent, from 317 to 271, and the total proceeds
declined by 31 percent, from $40.4 billion to $27.8 billion.
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