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Global accounting and advisory firms are reckoning on an increase in privatization

Global accounting and advisory firms are reckoning on an increase in privatization to boost the initial public offering market, from which they often get commissions. “The increase in deal value year-on-year indicates that the IPO market performance is strong,” said Mayur Pau, MENA Financial Services IPO Leader, EY (formerly Ernst & Young). “The most important impetus for the regional IPO market will likely be from the privatization drive across the region leading to the listing of government or quasi-government enterprises.”

Source: CPI Financial