Sunday 14 September 2014

Three big listings promise to revolutionise Dubai Financal Market | The National

Three big listings promise to revolutionise Dubai Financal Market | The National:



"IPO fever is about to hit the UAE. Before the end of this month, barring last-minute hitches, three new stocks will be listed on the DFM, including Emaar Malls, the biggest initial public offering in Dubai since 2007.



In fact, October 2, when trading in the malls business begins, promises to be a mini-version of the “big bang” that blew open the London Stock Exchange in 1986. Things were never the same in the City of London after that, and the transformation that looks set to take place in the Dubai Financial Market – and by extension in all UAE markets – will be profound.



The country’s retail investors are about to embark on a stock market roller coaster the like of which the hitherto comparatively laid-back markets of Dubai and Abu Dhabi have not experienced before."



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