Equity Capital Markets

Euro recovery could help MENA IPOs

Euro recovery could help MENA IPOs

A resolution to Europe’s debt crisis in 2012 will help MENA’s IPO market recover following a poor performance last year, Maria Pinelli, Ernst & Young’s global vice-chair of strategic growth markets, has said.

MENA’s IPO market raised US$843.9mn in 2011, a 69.3% decline on the US$2.8bn raised in the previous year due to the eurozone's problems hitting investor confidence.