Tuesday 30 September 2014

Dubai IPOs Start With $43 Billion Bang as Buyers Line Up - Bloomberg

Dubai IPOs Start With $43 Billion Bang as Buyers Line Up - Bloomberg:



"Less than seven hours after Emaar Properties PJSC announced pricing for the largest initial public offering in Dubai since 2007, Chairman Mohamed Alabbar added another sale to the pipeline.



It may have to wait its turn.



A theme park operator, an Egyptian billionaire and a cell phone retailer are among those considering IPOs in the emirate, whose stock market is the second-best in the world this year. Amanat Holdings, a healthcare and education venture, announced plans today for a share sale next month. Many had plans under discussion even before Emaar got at least $43 billion in orders for 15.4 percent of its retail unit, raising $1.6 billion."



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