Heavy demand means reduced shares allocation for Emaar Malls investors | The National:
"Investors will get a fraction of the shares they applied for in Emaar Malls Group, the retail business that owns The Dubai Mall, following a surge of interest from foreign institutions in the Dh5.8 billion initial public offering that begins trading on Thursday.
The shares will start at the top of the price range set by the company and its advisers. At Dh2.9 per share, EMG will have a market capitalisation of Dh37.7bn on the Dubai Financial Market.
Foreign institutional interest in the IPO has been strong, according to a notice posted on the DFM."
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