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.

  • By Aidan Gregory
  • 14 Nov 2017

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, ...

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