Mideast tech investor iMENA plans IPO, hires banks - sources | Reuters
Middle East technology investment firm iMENA Group, part owned by Abu Dhabi telecom operator e& (ETISALAT.AD), is considering an initial public offering in Abu Dhabi and is working with banks on the deal, two sources told Reuters.
The company invests in online and mobile businesses in the Middle East and North Africa, with firms including Dubai auto marketplace SellAnyCar.com, restaurant reservations app reserveout and online marketplace opensooq.com part of its portfolio.
If it proceeds, it would be the first technology investment firm to offer shares to the public in the United Arab Emirates.
The company is aiming for a deal to go ahead later this year and has picked First Abu Dhabi Bank (FAB.AD), Morgan Stanley (MS.N) and EFG Hermes (HRHO.CA) to advise on the IPO, said the sources, declining to be named as the matter is not public.
iMENA, Morgan Stanley and EFG Hermes declined to comment. First Abu Dhabi Bank and e& did not immediately respond to a request for comment.
No comments:
Post a Comment