Dubai's DAMAC picks Deutsche, Citi for London IPO -sources | Reuters:
"DAMAC Properties, a privately held Dubai property developer, has hired Deutsche Bank and Citigroup Inc to help arrange an initial public offer of its shares in London, two banking sources aware of the matter said.
The company had said in April that an IPO was one of the options being considered for the company's future growth, after Reuters reported DAMAC had reached out to banks with proposals for advisory roles.
A spokesman for DAMAC declined to comment on Tuesday, but reiterated that the company was looking at all future growth possibilities. Deutsche Bank declined to comment, while a spokesman for Citigroup in Dubai was not immediately available for comment."
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