MIDEAST WEEKAHEAD-Dubai IPOs signal recovery but market wants bigger listings - Yahoo News:
"* At least three Nasdaq Dubai IPOs in preparation
* But big listings still not in prospect
* Fund managers cite regulatory difficulties
* Political decision to sell state assets is key
* Possible Dubai-Abu Dhabi exchange merger could help
By Nadia Saleem and Mirna Sleiman
DUBAI, Oct 3 (Reuters) - A slew of IPO plans in Dubai shows the stock market is finally regaining its role as a fund-raising source for companies. But big new listings - the kind that could stimulate turnover and attract fresh foreign money - are still some distance away.
Over the past several weeks, at least three relatively small companies have been laying plans for initial public offers of shares on Nasdaq Dubai, which could start as soon as this month.
That is a sign that the wounds of the global financial crisis, and Dubai's real estate crash of 2009-2010, have largely healed. The most recent listing on either of Dubai's stock two markets occurred in early 2009, when construction firm Drake & Scull listed."
'via Blog this'
No comments:
Post a Comment