PwC AND Latham & Watkins teamed up with NASDAQ Dubai to hold a seminar on how to carry out initial public offerings (IPOs), in response to rapidly growing interest from companies in raising capital on the region’s international exchange.
More than 80 executives of potential issuers and experts from advisory companies attended the ‘IPOs on NASDAQ Dubai – A Guide’ seminar, which focused on the advantages of going public on the exchange as well as explaining the IPO process and regulatory framework.
Companies that attended are based in the GCC region, India and Europe and are active in sectors including energy, IT, property, construction, trading, media, manufacturing, metals and agriculture.
Hamed Ali, Chief Executive of NASDAQ Dubai, said: “We are seeing strong growth in the number and quality of companies approaching us about going public. This seminar provided valuable advice from capital markets professionals of the highest calibre to help companies understand the benefits of the IPO route, as well as the preparation needed and the practical steps to be taken.”
NASDAQ Dubai is preparing to hold further forums on IPOs in 2014 at the request of potential issuers and advisers.