MANAMA: The Mena region saw a 400 per cent year-on-year increase in the number of companies listing with 15 IPOs raising proceeds of $4 billion during Q1-2022, an increase of 1,242 per cent in value when compared to the same period in 2021, according to a report by EY.
The figure of 15 listings compares to three IPOs in Q1 2021, showing that activity in Mena looks very promising with a strong start to the year, despite uncertainties that are affecting the global IPO outlook, as per the EY MENA IPO Eye Q1 2022 report .
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