International Journal of Management (IJM)

Source ID:00000011
Volume 9, Issue 3,May–June 2018, Pages 32-41, Page Count - 10

INITIAL PUBLIC OFFERINGS (IPOS) IN GULF CO-OPERATION COUNCIL COUNTRIES

M. Selvam (1) Rengarajan Veerasamy (2)

(1) Alagappa University, Karaikudi, India.
(2) Ph.D Research Scholar, Alagappa University, Karaikudi, India.

Manuscript ID:- 00000-50885
Access Type : Open Access
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Cite this article:M. Selvam,Rengarajan Veerasamy,  Initial Public Offerings (ipos) In Gulf Co-operation Council Countries, International Journal of Management(IJM), 2018, 9(3), PP.32-41

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Abstract

Initial Public Offering is the way for privately held and limited liability companies, partnership firm to mobilize huge sum of capital and get the legal status as public limited company. The boom in IPO market is indicated by number of IPOs coming up in that country. The full subscription or oversubscription of such offers indicate investors have got some information about that company and believe that they would get super normal returns by investing. Returns on IPO investment becomes the major contributor of success of and the regulatory framework available in an economy must provide for space abundantly for non-public companies to float IPOs in the market. At the same, the economic conditions prevailing in a country do play a significant role facilitating investors and companies to float IPOs. There are other important contributors for the success of an IPO. The Gulf Cooperation Council Countries (GCC) namely Kingdom of Bahrain, State of Kuwait, State of Qatar, Sultanate of Oman, Kingdom of Saudi Arabia and United Arab Emirates are oil dependent economies and would like to diversity their oil-based economy to industrialized economies. The governments of these countries are moving towards establishing industries in the respective countries to create good employment opportunities and to channelize savings of people into productive investments.
Author Keywords
Initial Public Offerings Non-Public Companies Public Limited Companies GCC Countries oil-based economies Financial Intermediaries Legal Framework first day and current day returns.
Index Keywords
Limited liability companies IPO market industrialized economies.


ISSN Print: 0976-6502 ISSN Online: 0976-6510
Source Type: Journals Document Type: Journal Article
Publication Language: English DOI:
Abbreviated Journal Title: IJM Access Type: Open Access
Publisher Name: IAEME Publication Resource Licence: CC BY-NC
Major Subject:Social Sciences and Humanities Subject Area classification: Business, Management and Accounting
Subject area: General Business, Management and Accounting Source: SCOPEDATABASE