Axiom challenges moribund Nasdaq Dubai
Nasdaq Dubai is facing a crucial test after half a decade of false starts with the first new listing since the exchange linked up with DFM, its dirham-denominated cousin earlier this year. The IPO of Dubai-based mobile phone retailer Axiom Telecom which could be worth as much as $400m, is being billed by bankers in the region as the last chance for the exchange to rid itself of its reputation for poor liquidity and hence valuations.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts