Chimera securities professional#

Gregory Hughes, EY Mena IPO and Transaction Diligence Leader, said the second quarter of 2022 continued the momentum of the first quarter, with Saudi Arabia and the UAE leading IPO activity in the MENA region. In April 2022, the ADX rebranded its Second Market into the Growth Market, with the Invictus Investment Company becoming the thirteenth company to be listed on the Growth Market during Q2 2022. On the ADX, GFH Financial Group BSC completed its fourth regional listing, with its shares already listed on the Bahrain Bourse, Boursa Kuwait and the Dubai Financial Market (DFM). The private placement was oversubscribed approximately 11 times. They were Naseej for Communication and Information Technology Company, Aqaseem Factory for Chemicals and Plastics Company and National Environmental Recycling Company.Įlsewhere, Ali Alghanim and Sons Automotive Company raised new capital of $323 million through a private placement before listing on Boursa Kuwait. Three direct listings took place on the Nomu-Parallel Market during Q2 2022. There were also six direct listings reported in Q2 2022, with a total of 12 announced during the first half of the year. The proceeds came from the listings of the Arabian Food & Dairy Factories Company, Ladun Investment Company, and Amwj International Company. The Nomu-Parallel Market witnessed three IPOs during Q2 2022 which raised $40.8 million in total. Retal Urban Development Company raised $384 million with its institutional order book being 62 times oversubscribed.

In Saudi Arabia, Saudi Home Loans Company was listed on the Tadawul during Q2 2022 and raised $160 million, with the book being oversubscribed by 50 times. Saudi Arabia leads in IPO volume with five IPOs ADC was established by ADQ through its Alpha Oryx special purpose vehicle, and Chimera Investment as a SPAC for the purpose of identifying and acquiring one or more businesses. TECOM Group raised US$454 million and saw an oversubscription level of more than 21 times.ĪDC Acquisition Corp PJSC became the first special purpose acquisition company (SPAC) to ever be listed in the MENA region, raising US$99.9 million with its listing on the Abu Dhabi Securities Exchange (ADX). Borouge, the second-largest IPO during H1 2022, raised $2 billion with an aggregate oversubscription of almost 42 times.

The order book was oversubscribed by 37 times. In the UAE, the Dubai Electricity and Water Authority (Dewa) raised over $6 billion, becoming the biggest IPO in EMEA since 2019 and the largest IPO to date in the UAE. Several Mena listings from a range of sectors were oversubscribed, which is encouraging for companies looking to list during the second half of this year,” he said. “The number and value of deals in the second quarter of this year confirms that investors still have an appetite for growth, yield and diversification. Heightened volatility caused by geopolitical tensions and macroeconomic factors, declining valuation and poor post-IPO share price performance led to the postponement of many global IPOs during the first half of 2022.īrad Watson, EY MENA Strategy and Transactions Leader, said Mena IPO activity continues to defy global trends and remains a bright spot in a challenging market. Chimera also has offices in Boston, Chicago, and Westchester and permits remote trading for experienced professionals.Globally, 630 IPOs raised $95.4 billion in proceeds during the first half of 2022, which is a significant drop of 46 per cent in the number of IPOs and 58 per cent in the proceeds raised, as compared to first half of 2021. We are headquartered in the Union Square neighborhood of New York City, where we feature a modern 17,000 square foot trading floor.

Chimera securities professional#

We think this structure is ideal for entrepreneurial professional traders, as it offers autonomy, ownership (of trading earnings and IP), and the security of regulatory oversight. We are registered as a broker-dealer with the SEC and overseen by the CBOE Stock Exchange (CBSX). We have expanded steadily since our launch in 2000, driven by a commitment to investment in the long-term success of our traders.Ĭhimera is a principal trading firm, meaning that we trade only the firm's capital and have no customers, clients or outside investors. We develop and support hundreds of professional traders and emerging fund managers through a sophisticated platform offering capital allocations, advanced technology, and robust infrastructure. Chimera Securities is a NYC-based broker-dealer specializing in discretionary and automated trading across multiple asset classes, including equities, options, futures, fx, and commodities.