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Dubai Investments raises $529m from first IPO in UAE this year

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The National
“Dubai Investments raises $529m from first IPO in UAE this year”

Dubai Investments has raised Dh1.9 billion ($529 million) from the sale of a 20 per cent stake in its subsidiary DIP Holding, in the UAE’s first initial public offering this year. The company set the final pricing at Dh1.12 per share, settling in the middle of the announced range of Dh1.10 to Dh1.15 per share, DIP Holding said on Wednesday, in a statement to the Dubai Financial Market where its shares are traded. Dubai Investments offered 1.74 billion shares in its unit, to investors, which…

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