Goldman Sachs leads major Kuwait IPO
Kuwait-based "Boutiqaat," a platform specializing in selling beauty and fashion products online, is planning a potential IPO that could be valued at over one billion dollars, making it one of the largest private listings in Kuwait's history. If the deal goes through, "Boutiqaat" will become the first e-commerce platform to be listed on Kuwait’s stock exchange, as part of efforts to attract foreign investment and strengthen the country’s position as a regional business hub. The company is currently in negotiations with Goldman Sachs, which is seeking to gain authorization for a potential fund of up to $10 billion on behalf of the Kuwait Sovereign Wealth Fund.
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