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Last year, regional announced IPO activity in the MENA region was valued at $11.5b compared with $3.1b in 2013. There were 27 IPOs in 2014 and 26 in the previous year. The IPO activity in Q4 2014 was highest, in terms of capital raised, since 2008, largely due to National Commercial Bank’s (NCB) record IPO of $6.0b (the largest MENA IPO in history).
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