We are pleased to announce our strategic partnership with EY aiming to provide IPO advisory services to our portfolio companies that are approaching the IPO stage and boost IPO listings for tech companies in the Kingdom.
The technology sector in MENA has progressed rapidly in the past 5 years, and we’re seeing more companies eyeing the IPO milestone. However, the unique economic and legal structures of tech startups present a gray area for these companies on the path forward. As our portfolio companies grow and some have already raised pre-IPO rounds, IPO readiness is becoming more crucial in preparing these companies for a successful listing in public markets. With the aim of accelerating such development by enabling companies to be IPO-ready, we’re partnering with EY, the global advisory firm and the market leader in IPO readiness locally and internationally, to work together to guide our portfolio companies throughout the IPO process.
Utilizing EY's extensive experience on IPO preparation and execution that includes covering mandates both regionally and internationally, our founders can maximize their value potential in the public markets. Our partnership will guide our portfolio through the complicated IPO process and enable them to receive the necessary access, coverage, and efficient support to navigate the complex IPO process.