Dubai’s Axiom Telecom Says It May Revive IPO After Cancellation - Bloomberg:
"Axiom Ltd., the Dubai-based mobile-phone retailer which abandoned an initial public offering four years ago, said it may revive plans for the sale.
“An IPO isn’t off the table,” Chief Executive Officer Faisal Al Bannai said in a phone interview yesterday from Dubai. “We’re keeping our options open. We’re making sure that all of our paperwork and documents are up to date so we’d be ready to go for an IPO at any time if we wanted to.”
Dubai Holding’s unit Emirates International Telecommunications LLC (EIT) which has a 26 percent stake in Axiom, had hired Citigroup Inc. (C) last year to find potential buyers for the stake, two people familiar with the matter said. The company was planning to raise as much as $300 million from the disposal though an agreement was never reached, the people said, asking not to be identified as talks weren’t public."
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