Al Habtoor revives plans for initial public offering valued at $2.5 billion | The National

Al Habtoor revives plans for initial public offering valued at $2.5 billion | The National:



"Al Habtoor Group, the Dubai conglomerate, is reviving plans for a multibillion dollar initial public offering (IPO) and could be ready to come to market early next year.



With a possible value of about US$2.5 billion, the IPO would be the biggest since 2007, although the valuation process is still at an early stage.



The hotels, property and car-dealing conglomerate pulled out of a planned IPO in late 2102, but it is believed the buoyant economic and market conditions in Dubai have persuaded Khalaf Al Habtoor, the founder and chairman of the group, to think again."



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