This was not how things were supposed to go for DP World.
Dubai's ports operator has had six days of trading since being listed on the London Stock Exchange (LSE). The move, we have been told for many months, would encourage new shareholders on to the register, liberate the shares from the shackles of Nasdaq Dubai, inject liquidity and volume into the stock and ultimately lift its market value to truly reflect its world-class status.
Instead, the shares have lost nearly 4 per cent since they began trading in London. This cannot be described as a crash, but a downwards move was not what the company, or most market analysts, expected in the run-up to the listing.
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