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Friday, July 31, 2020 | History

2 edition of IPO behavior in GCC countries found in the catalog.

IPO behavior in GCC countries

Abdullah Al-Hassan

IPO behavior in GCC countries

goody-two shoes or bad-to-the-bone?

by Abdullah Al-Hassan

  • 141 Want to read
  • 29 Currently reading

Published by International Monetary Fund, Middle East and Central Asia Dept. in [Washington, D.C.] .
Written in English

    Subjects:
  • Stocks -- Persian Gulf Region.,
  • Venture capital -- Persian Gulf Region.,
  • Persian Gulf Region -- Monetary policy.

  • Edition Notes

    Statementprepared by Abdullah Al-Hassan, Fernando Delgado, and Mohammed Omran.
    SeriesIMF working paper -- WP/07/149
    ContributionsDelgado Fernández, Fernando-Luciano., Omran, Mohammed., International Monetary Fund. Middle East and Central Asia Dept.
    The Physical Object
    Pagination34 p. :
    Number of Pages34
    ID Numbers
    Open LibraryOL20922709M

    Fernández, IPO Behavior in GCC Countries: Goody Two-Shoes or Bad to the Bone, WP/07/, (Washington DC: International Monetary Fund, July ), p This case was developed by Professor Josh Lerner of HBS and Ann Leamon and Steve Dew of Bella Research Group. Bella Research Group cases are developed solely as the basis for class Size: 1MB. Saudi citizens and nationals from GCC countries are eligible for the tranche. The minimum level for subscribing to the IPO is 10 shares, while the maximum level is capped at , shares. HMG has signed five agreements with receiving banks, namely: NCB, Al Rajhi, Samba, SABB, and Riyad Bank.

    The book analyzes the stock market developments in all GCC countries, focusing on the recent boom and bust episodes in five out of the seven GCC equity markets -- one of the major events in. The GCC is a political, economic, social and regional organisation between six countries in the Gulf region, established in 1 GCC member countries are: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The Supreme Council (comprising the GCC heads of state) is the GCC’s highest decisionmaking Size: KB.

      Leading countries by number of IPOs all of the top six IPO host countries were located in Asia. "Leading countries by number of company IPOs as of the 1st quarter of " Chart. Initial Public Offerings truly adds to the existing IPO literature with a list of well known academics/contributors in the field of IPOs. This book truly presents the latest cutting edge research on European IPOs, Asian IPO and IPOs in other countries." --Komlan Sedzro, Professor of Finance, University of Quebec at Montreal5/5(5).


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IPO behavior in GCC countries by Abdullah Al-Hassan Download PDF EPUB FB2

IPO Behavior in GCC Countries. [International Monetary Fund] -- This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between and in the equity markets of the six Gulf Cooperation Council (GCC) Your Web browser is not enabled for JavaScript.

IPO Behavior in GCC Countries: Goody-Two Shoes or Bad-to-the-Bone. Prepared by Abdullah Al-Hassan, Fernando Delgado, and Mohammed Omran Authorized for distribution by Ahsan H. Mansur July Abstract This Working Paper should not be reported as representing the views of the IMF.

the IPO and Country, controls for the stock market se ntim ent in the GCC countries. The The “bullish” market extended during –05, while the remainder of the period was “bearish.”. The empirical models reject the hypothesis that the IPOs' performance is driven by the common independent variables employed in the literature.

On the contrary, in the case of the GCC, country- and industry-specific characteristics, in addition to the timing of the offers, play key roles in explaining the abnormal returns of IPOs. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between and in the equity markets of the six Gulf Cooperation Council (GCC) countries.

The empirical models reject the hypothesis that the IPOs' performance is driven by the common independent variables employed in the literature. On the contrary, in the case of the GCC, country- and industry-specific characteristics, in addition to the timing of the offers, play key roles in explaining the abnormal returns of by: 2.

Ipo Behavior in Gcc Countries. By International Monetary Fund. Abstract. This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between and in the equity markets of the six Gulf Cooperation Council (GCC) countries. The average initial abnormal returns of percent exceed Author: International Monetary Fund.

This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between and in the equity markets of the six Gulf Cooperation Council (GCC) countries. IPO in the countries of the Gulf Cooperation Council. 1 The Institute of International Economics and Business, People’s Friendship University of Russia, Russia.

e-mail: [email protected] 2 The. This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between and in the equity markets of the six Gulf Cooperation Council (GCC) countries.

The average initial abnormal returns of percent exceed those found in the existing literature for both developed and emerging markets IPOs. Nevertheless, it appears that country- and industry-specific characteristics, in addition to the timing of the offers, play a key role in explaining IPO behavior in the region.

This paper's empirical findings support the hypothesis that investors are initially over-optimistic about an IPO's performance, but grow more pessimistic over by: IPO behavior in GCC countries: goody-two shoes or bad-to-the-bone?.

[Abdullah Al-Hassan; Fernando-Luciano Delgado Fernández; Mohammed Omran; International Monetary Fund. Middle East and Central Asia Department.]. In GCC, IPOs are used as a strategy for distributing wealth among citizens. In all GCC countries foreign investors are prohibited from sharing IPOs.

This restriction leads to Cited by: 6. GCC equity capital markets attracted significant global attention in Q4 with the record-breaking IPO of Saudi Aramco on Tadawul Overview In contrast to the subdued IPO markets in the first three quarters of the year when only four IPOs took place, GCC countries witnessed as many IPOs in Q4 alone, generating total proceeds of USD bn.

The total value of IPOs in the six Gulf Cooperation Council (GCC) countries peaked at a record $12 billion in and then plunged as markets froze up.

Last year, GCC IPOs totalled roughly $2. "Islamic bank efficiency compared to conventional banks during the global crisis in the GCC region," Journal of International Financial Markets, Institutions and Money, Elsevier, vol.

51(C), pages International Monetary Fund, "IPO Behavior in GCC Countries. Activity in the initial public offering (IPO) segment in the GCC witnessed a slowdown in both the number of offerings and total proceeds raised during the second quarter (Q2) ofa report said.

all GCC economies, outlines their developmental history, and develops a ranking of GCC countries based upon weighted normalized IPO Market Ratio data.

The collected information and the results of the analysis are presented both in table and graphical formats. Keywords GCC • regional stock exchange • GCC IPO market • IPO • IPO market ratio.

Saudi citizens and nationals from GCC countries are eligible for the tranche. The minimum level for subscribing to the IPO is 10 shares, while the maximum level is capped atshares. HMG has signed five agreements with receiving banks, namely: NCB, Al.

Led by Saudi Arabia and the UAE, initial public offering (IPO) activity in the Gulf is expected to pick up inwith around 16 companies likely to go public as compared to nine firms last year. The GCC IPO market activity gained momentum in buoyed by a general improvement in market conditions and investor confidence in the region.

The number of IPOs almost doubled in when compared with The year has shown a significant increase in the number of IPOs in the GCC, with 18 offerings compared to 5 in   Consequentially, NRI remittances to India from the GCC or the Gulf Cooperation Council countries — comprising Bahrain, Kuwait, UAE, Oman, Qatar & Saudi Arabia — have slid alarmingly.

India, the largest remittance-receiving country worldwide, witnessed a near 9% drop in NRI pay-in flows to $ billion in over the previous year, as Author: Shailesh Menon. Q3 witnessed a total of four IPOs in the Gulf Cooperation Council (“GCC”), which was a slight increase compared to the previous quarter (Q2 3).

However, proceeds raised from Q3 IPOs amounting to USD million were lower by .