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Bahoshy: Volatility in Market Causing IPO Indecision
Bahoshy: Volatility in Market Causing IPO Indecision

Bloomberg

time6 days ago

  • Business
  • Bloomberg

Bahoshy: Volatility in Market Causing IPO Indecision

Startups in the Middle East nearly doubled their fundraising in the first half of the year, defying a slowdown in venture capital investment in emerging markets brought on by economic uncertainty and investor caution. About $1.35 billion in VC funding was funneled to companies in the Middle East from January through June, led by Saudi Arabia and the United Arab Emirates, according to data platform Magnitt. Their Founder & CEO, Philip Bahoshy spoke exclusively to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)

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