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DP World to launch IPO in Dubai

DP World to launch IPO in Dubai

Dubai: DP World has announced that it is to launch an initial public offering (IPO) on November 4 for 20% of its shares, reports Reuters. The shares, which will remain on sale until November 16, will be listed on the Dubai International Financial Exchange (DIFX) by the end of November. Although an indicative price range will be announced shortly before the offering is launched, the sale is expected to raise between $19-20bn.  [22/10/07]

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