Spinneys covers Dubai IPO on day one with cornerstone backing
![A branch of Spinney's supermarket in the Jumeirah 1 district of Dubai at dusk, UAE](https://assets.euromoneydigital.com/dims4/default/523def5/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fec%2F12%2F1a5c545b45d29b69e4434c45a2f0%2Fspinneys-alamy-575-375.jpg)
At the initial range, Spinneys will be valued at up to Dh5.5bn ($1.5bn)
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