Emaar Development IPO oversubscribed at revised range
Bankers working on the IPO of Emaar Development, the real estate development subsidiary of Emaar Properties, have revised the price range to Dh6.03-Dh6.90, from the initial Dh5.70-Dh6.90 range.
The deal is oversubscribed within new range, according to a source close to the deal. The books are set to close at 11am on Wednesday, November 15.
Coverage within the initial range was achieved by the end of the first day
of the bookbuild on Thursday,
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.