Deals delayed as Middle East's IPO pipeline remains under threat

IPO activity remains on hold for now in the Middle East as markets reopened this week following holidays for Eid Al-Fitr.

EQY
Defence continues to dominate with Exail sale

Exail Technologies’ founding Gorge family sold €75.6m of stock in the Paris-listed defence company after upsizing an accelerated bookbuild.

EQY
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HMH launches Nasdaq IPO amid oil spike

Baker Hughes and Norwegian conglomerate Akastor are moving forward with an up to US$231m Nasdaq IPO of HMH, their subsea drilling equipment joint venture, after nearly two years in registration. 

EQY
Defense contractor Aevex files for NYSE IPO

Drone maker Aevex has filed for an NYSE IPO that will raise funds to repay debt and also allow backer Madison Dearborn to begin taking profits on its investment.

EQY
Advent offloads Trustpilot stake on stock surge

Private equity firm Advent International took advantage of a recent spike in Trustpilot Group shares to effectively exit an investment it made in 2019. 

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