UAE port giant floats 17pc stake
Monday, 5 November 2007
DUBAI, Nov 4 (AFP): Dubai port operator DP World Sunday launched an initial public offering (IPO) for 17 per cent of its shares in one of the biggest ever flotations in the Gulf region.
The company, one of the world's largest container-port operators, said at a news conference it was selling 2.822 billion shares, or 17 per cent of its 16.6 billion shares, at an indicative price of US$1.0 to $1.30 per share.
The company, one of the world's largest container-port operators, said at a news conference it was selling 2.822 billion shares, or 17 per cent of its 16.6 billion shares, at an indicative price of US$1.0 to $1.30 per share.