DFM Collaborates With Dubai Chambers To Offer A Comprehensive Program To Accelerate Businesses’ Path To IPO:
Dubai’s thriving economy and growing private sector have led to an increasing interest in capital markets. To support this trend and fuel the growth of regional private companies, the Dubai Financial Market (DFM) and Dubai Chamber of Commerce have teamed up with 20 local and international advisory firms to launch ‘The IPO Accelerator Program.
The Role Of The Dubai Financial Market And Dubai Chamber Of Commerce In Promoting IPOs
DFM and the Dubai Chamber of Commerce are working with many local and international advisory firms to help private companies in the region grow and prepare for the IPO process. The aim of the program is to educate, help, and guide businesses so they can explore their IPO options and help Dubai’s economy grow. The partners of the program include some of the leading firms in Dubai’s financial and business ecosystem, such as Citi, Barclays, Goldman Sachs, IBRAHIM .N. PARTNERS, J.P. Morgan, Bank of America, EFG Hermes, and PwC Middle East, among others.
This project is part of the Dubai Economic Agenda D33, which aims to make Dubai a suitable location for business and finance worldwide. It’s a response to the fact that private companies in Dubai are becoming more interested in using capital markets and taking advantage of opportunities created by Dubai’s fast-growing economy.
In 2022, DFM grew into one of the most active markets in the world for IPOs and listings, with five leading government-related and private companies successfully raising AED 31 billion. With this program, DFM and Dubai Chamber seek to nurture more businesses for the IPO journey, increasing the momentum of Dubai’s capital markets.
The IPO Accelerator Program provides support for family businesses, large private companies, and businesses that can benefit from Dubai’s capital markets. The program offers customized paths to an IPO, such as one-on-one meetings with key prospects to find and solve any problems. DFM and Dubai Chamber will also hold workshops for businesses to help them prepare for the IPO process. Once a company considers going public, The IPO Accelerator Program will work with financial advisors for an IPO readiness check, prepare a listing plan, and make necessary introductions to key advisors. During the IPO process, DFM and Dubai Chamber will continue to help the company.
The first workshop is set for May 2023, and 40 private companies from different industries will be there. Hamed Ali, the CEO of DFM, was proud to announce the start of this program. He said that it fits with their efforts to make Dubai’s capital market a suitable choice for companies to go public and generate capital. The President and CEO of Dubai Chambers, Mohammad Ali Rashed Lootah, also added that the program creates growth opportunities and makes Dubai an even more attractive place for businesses to grow.
Takeaways
The IPO Acceleration Program is a game-changer for companies that want to take advantage of Dubai’s financial markets and speed up their growth. Collaborations between the program and top companies in the financial and business ecosystem give businesses the help and direction they need to look into their IPO potential and help Dubai’s economy grow.
Last Updated on 11 months by News Editor
