Dubai Logistics Firm Tristar Is Said to Pick BofA, Citi for IPO - Bloomberg:
Middle East logistics firm Tristar Group has selected Bank of America Corp. and Citigroup Inc. to advise it on an initial public offering in London as early as this year, according to people familiar with the matter.
Tristar could seek a valuation of more than $1 billion in a share sale that could raise as much as $400 million, said one of the people, who asked not to be named because the details aren’t public.
Representatives for Bank of America and Citigroup declined to comment. A representative for Dubai-based Tristar didn’t immediately respond to a request for comment.
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