Emaar Properties mulls early Dubai-only malls IPO to cash in on surging local liquidity « ArabianMoney

Emaar Properties mulls early Dubai-only malls IPO to cash in on surging local liquidity « ArabianMoney:



"Emaar Properties is rumored to be considering a rapid initial public offering for its malls and retail business in Dubai rather than a dual listing with London as reported last month. This would allow the IPO to go ahead very quickly and cash-in on the surging liquidity of the Dubai Financial Market whose valuation is up 52 per cent this year after more than doubling in 2013.



Last week the first DFM IPO in five years for a retail start-up Marka attracted a 36-times over-subscription for a $75 million share sale with $2.7 billlion chasing the stock. That amount is roughly what Emaar hopes to raise from the sale of its malls and retail business."



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