Dubai Parks and Resorts Dh2.5bn IPO to test investor sentiment as DFM slides | The National:
"The Dh2.5 billion IPO of Dubai Parks and Resorts is to become a litmus test for investor sentiment as the emirate’s benchmark index fell into bear territory for the second time this year.
Dubai Parks yesterday announced big levels of oversubscription for its offering, with some of the most prestigious investors in the region queuing for shares in the company.
But some investors have become uneasy because of recent weakness in the Dubai Financial Market, where the IPO will begin trading tomorrow. Last week the healthcare and education start-up Amanat was the first IPO to fail to achieve a first day premium on the DFM for five years."
'via Blog this'
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