Can Emaar get its $900m malls IPO away before the stock market downturn? « ArabianMoney:
"A race is apparently on to get the pending $900 million initial public offering for the Emaar malls business away before Ramadan and before a stock market downturn that many think is imminent. The Dubai Financial Market is up 160 per cent in the past 12 months, the best performing global stock market.
The higher you go the harder you fall in stock markets. Last time the DFM powered up like this was in 2005 when the market doubled only to crash and finally bottom out in 2012 down almost 90 per cent. History does have a habit of repeating itself. The same thing happened in 1998-9 before the DFM got its trading floor."
'via Blog this'
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