The initial public offering (IPO) market looks pretty strong as the UAE companies are projected to raise up to $9 billion (Dh33 billion) this year, which could see 2018 as a landmark year for the UAE financial markets, industry analysts have said.

Vijay Valecha, chief market analyst, Century Financial Brokers, said UAE companies are expected to raise $8-$9 billion (Dh29.36-Dh33 billion) from IPOs through listing in global as well as local equity markets, depending on their valuations.