IPOs are once again the flavour of the month in Dubai – or at least, rumours of impending IPOs are.
At an informal gathering last week of some of the emirate’s leading financial news practitioners, forthcoming flotations were on everybody’s lips. The spin doctors present were keen to nab upcoming IPOs as cash-generating clients, and the financial journalists were straining to write the headline “X Corporation set to float”.
It made for some intriguing conversation – the hacks trying to pin down exactly who had been “beauty paraded” (the term for a PR firm offering its services to a potential floater), while the flaks attempted to prise as much information out of their rivals as possible without giving too much away themselves.
No comments:
Post a Comment