Daman Investments eyes IPO in first quarter of 2015 | GulfNews.com:
"Investment management firm Daman Investments said on Monday it plans to list on the Dubai Financial Market in the first quarter of 2015 and use the proceeds to scale up existing operations and pursue investment opportunities.
The company, which is into brokerage business, private equity, corporate advisory, and venture capital, plans to sell new shares equal to 55 per cent of the stake, but none of the existing shareholders plan to exit through the offering.
“The company will continue to look at investment opportunities and continue to work. We think this space is going to get more interesting, busier and broader, as the UAE is taking a more prominent position within the region and the wider world,” said Shehab M. Gargash, chairman and founder, of Daman Investments."
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