Legoland Developer Dubai Parks Plans $690 Million IPO - Bloomberg:
"Dubai Parks & Resorts, a company set up by state-owned Meraas Holding to develop a theme park in the emirate, will seek 2.53 billion dirhams ($690 million) in an initial public offering that starts on Nov. 17.
The offer will run until Nov. 27 with shares priced at 1.01 dirhams each, the company said today in a statement. It expects the stock to start trading on the Dubai Financial Market on Dec. 10.
Dubai’s benchmark share index is among the best performing globally after rising 36 percent this year, prompting share sales by companies such as Emaar Properties PJSC (EMAAR), which offered stock in a malls unit that operates one of the largest shopping centers in the world. Emaar is also planning to sell stock in its hotels arm, Chairman Mohamed Alabbar said in September. Al Habtoor Group LLC, owned by billionaire Khalef Al Habtoor, has hired banks to manage an IPO, two people familiar with the matter told Bloomberg yesterday."
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