emaar development sets ipo pricing
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Emaar Development sets IPO pricing

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Emaar Development sets IPO pricing

Emaar Development, a unit of the UAE’s biggest listed developer Emaar Properties
Dubai - Wam

Emaar Development, a unit of the UAE’s biggest listed developer Emaar Properties, has opened the subscription of its initial public offering, IPO, setting the pricing between AED5.70 and AED6.90 per share.

At the mid-point of the pricing range, Emaar Development’s market capitalisation at listing would be approximately AED25.2bn. The firm is offering 800 million shares, or 20 percent of its share capital, for subscription to both retail and institutional investors, the company said in a statement on Thursday.

The share float, the first significant equity capital markets deal to hit Dubai Financial Market, DFM, in three years, will be open for retail investors’ subscription between November 2-13 while the period of the subscriptions for the institutional investors is extended to November 15. Retail investors will be able to subscribe to 10 percent of the offering, with the remaining 90 per cent reserved for institutional investors, including 40 million shares for the Emirates Investment Authority.

The company said it expects to announce the final pricing for the offering November 16 and the shares to commence trading on the DFM on November 22. The final sale price will be determined in accordance with a book-building process and investors in the retail offering will be allocated shares at the same price as investors in the qualified investor tranche of the IPO.

Bank of America Merrill Lynch, EFG Hermes, Emirates NBD Capital, First Abu Dhabi Bank and Goldman Sachs are acting as the joint global coordinators on the deal, while Emirates NBD and FAB are the lead receiving banks. Rothschild is the financial adviser on the transaction.

Source: Wam

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

emaar development sets ipo pricing emaar development sets ipo pricing

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

emaar development sets ipo pricing emaar development sets ipo pricing

 



GMT 13:06 2012 Thursday ,14 June

Steady rise in temperature forecast in UAE

GMT 17:11 2016 Wednesday ,20 April

Hamdallah, Singapore Prime Minister meet

GMT 18:41 2017 Wednesday ,02 August

Bangladesh separates conjoined twins in rare surgery

GMT 00:59 2017 Monday ,20 February

Rousseff urges vote against impeachment

GMT 07:11 2018 Thursday ,18 January

Germany loans Lithuania 'birth certificate'

GMT 15:00 2017 Monday ,18 September

National Pavilion UAE’s Venice Internship now open

GMT 10:36 2017 Sunday ,31 December

Swimming with whale sharks in Mexico

GMT 15:02 2017 Wednesday ,22 February

5 Natural home remedies to stop hair loss

GMT 07:42 2017 Wednesday ,26 July

Khalid 5 football tournament launched

GMT 07:22 2017 Tuesday ,05 December

Mario Centeno, the 'Ronaldo' of the eurozone

GMT 12:51 2017 Monday ,08 May

Tadweer launches second e-Services edition

GMT 06:51 2017 Monday ,23 October

Electricity Minister receives German ambassador

GMT 12:24 2017 Tuesday ,17 October

Underlines importance of reconciliation

GMT 06:08 2014 Friday ,15 August

UN vote Friday on measure to weaken Iraq Islamists

GMT 14:43 2013 Tuesday ,04 June

British Council launches new global English exam

GMT 11:45 2013 Wednesday ,17 April

Syria photograph wins Pulitzer

GMT 02:39 2016 Friday ,04 November

Singaporean president visits Giza pyramids plateau
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice