Riyadh, Saudi Arabia. Photo: Ali Al-Awartany/Shutterstock.com As Capital Markets Struggle Worldwide, in the Middle East, Things are Only Heating Up
With a string of multi-billion dollar IPOs happening and many more expected, Big Law is moving in.
March 14, 2023 at 11:01 PM
10 minute read
Initial Public Offerings
When Saudi Aramco went ahead with its IPO in December 2019, raising $25.6 billion, it was the largest such sale the world had ever seen, eclipsing even Alibaba's 2014 debut on the New York Stock Exchange, and belying the idea that the Middle East was a backwater unsuited to the ways of global finance.
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