Investors Flock to Dubai IPO in Bet on Biggest Mall - Bloomberg:
"After seeing a newspaper ad for the share sale by Emaar Malls Group, Haidar Al Hadrani jumped in his car and drove the 120 kilometers (75 miles) from Abu Dhabi to Dubai to register as an investor at the stock exchange.
“I have never invested before,” Al Hadrani, a 28-year-old engineer who works for Abu Dhabi National Oil Co., said as he filled in application forms at the Dubai Financial Market. “Everybody worries about losing money, but as long as I don’t invest too much I am not worried about it.”
Individual investors like Al Hadrani can together buy as much as 30 percent of the shares in the initial public offering, with the rest earmarked for institutions. Demand for the United Arab Emirates’ biggest IPO since 2007 is high: Emaar received orders for all the stock allocated to institutional investors two days after the sale began, it said on Sept. 16."
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