Exclusive: GrowthGate Capital plans Dubai IPO for logistics firm | Reuters:
"Buyout firm GrowthGate Capital plans to take freight-forwarding company Able Logistics Group public in Dubai around the end of this year, a senior GrowthGate executive told Reuters, in a sign of growing strength in the region's equity markets.
"We aim to make it this year or early next year," Haythem Macki, a partner at GrowthGate, said. "The market is ready for it - there's a lot of liquidity now."
Macki said the share sale was expected to take place on Dubai Financial Market (DFM), the bigger of Dubai's two stock exchanges, which has not seen any initial public offerings since the global financial crisis hit the region in 2009."
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