JP MORGAN and CITI BANK expect continued feverish demand for IPOs in the Gulf, especially in Saudi Arabia.
CITI BANK stated that global investors avoid entering into Initial public offerings in all of the United States And Europe and prefer the Saudi offerings, especially following the numbers showed a great demand by institutions for the IPO of Elm.
Abdullah Al-Rabdi, CEO of Rasana Financial Company, said in an interview with Al-Arabiya that the change in interest rates will affect the valuation of companies in a limited way, and I expect Aramco to list more of its shares in several markets.
Nahdi Medical Company is launching this week the largest public offering of shares on the Tadawul market from the Aramco IPO in 2019.
And major international companies were forced to cancel their initial offerings this year due to the market turmoil, as more than four billion dollars have been canceled so far in the United States and Europe.