【Strong Performance of the Middle East IPO Market in 2024 with Total Financing Reaching $13 Billion】Jin Shi Data, December 19th - The Middle East IPO market showed strong performance in 2024, with total financing reaching $13 billion. However, unlike in previous years, some large IPOs have performed modestly recently, such as the market debuts of Talabat, OQ Exploration & Production, and Lulu Retail Holdings, which did not meet expectations, raising concerns about valuations. Analysts point out that the scale of some transactions expanded later, leading to an oversupply, making investors more sensitive to valuations and preferring companies with growth potential. Nevertheless, market participants still expect the IPO boom to continue in 2025, mainly due to the ongoing efforts of Gulf states' governments to promote economic diversification and deepen capital markets. (Securities Times) (Translated from: Jin Shi Data)