Union Properties unit ServeU to launch IPO in September | ZAWYA MENA Edition:
Facilities management company ServeU, a subsidiary of Union Properties, will launch its IPO in September and aims to double the number of its workforce to 10,000 in the next couple of years through organic and inorganic measures, its general manager said.
"All the governance and strategies have been aligned to make sure that everything is in right place ahead of IPO which is planned for September this year and listing will be on the Dubai Financial Market. It is difficult to give the size of IPO or how much stake will be floated," Gary Reader told Khaleej Times in an interview.
It was Reader's first interview since taking over in January 2018.
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