Emerging IPOs flourish as funds seek growth

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By Sam Kerr
30 Sep 2020

Equity capital markets bankers are heralding the success of emerging markets IPOs set to be priced in the coming days and weeks, including the flotations of Russia’s Sovcomflot, Lithuania’s Ignitis, Saudi Arabia’s BinDawood and Kazakhstan’s Kaspi.

It is striking that some of the biggest names in the IPO market in the second half of 2020 are from countries deemed either emerging or even frontier markets.

The most important deal has been Allegro's. The Polish e-commerce website priced its $2.3bn-equivalent IPO in Warsaw on ...

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