Newport International Group: IPOs back in fashion as investors warm to UAE stocks
bvrlynjuma
2013-09-28
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A flurry of initial public offerings is planned for the coming months amid ripe valuations and investor appetite for UAE stocks.
This month, the Bank of London & The Middle East announced an intent to list its shares on the Nasdaq Dubai in October, the bourse’s first listing in almost five years.
The news was then followed by two IPO revelations this week – Just Falafel is considering a 25 per cent listing of the food chain’s shares on the Nasdaq Dubai and Damac Properties is eyeing a London share sale.
This month, the Bank of London & The Middle East announced an intent to list its shares on the Nasdaq Dubai in October, the bourse’s first listing in almost five years.
The news was then followed by two IPO revelations this week – Just Falafel is considering a 25 per cent listing of the food chain’s shares on the Nasdaq Dubai and Damac Properties is eyeing a London share sale.
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