DP World IPO's UAE retail offer opens tomorrow

DUBAI — In connection with its previously-announced Initial Public Offering (IPO) of approximately 20 per cent of the company, global marine terminal operator DP World announced yesterday that applications for the UAE retail offer would open tomorrow, November 4.

By A Staff Reporter

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Published: Sat 3 Nov 2007, 8:49 AM

Last updated: Sat 4 Apr 2015, 11:10 PM

Its summary document, including the application form, and full prospectus for UAE retail investors, will be available from selected branches of the receiving banks, Mashreq, Emirates Bank, Abu Dhabi Commercial Bank and First Gulf Bank.

The documents will include the indicative price range. UAE retail investors will apply based on the maximum amount of money that they wish to invest in the shares. The final price will be established through a bidding process with international institutional investors, which will set a market price before listing. Retail and institutional investors will pay the same final price, which is expected to be announced on or around November 21.

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