DP World increases size of share sale

17 November 2007

DP World has increased the size of its initial public offering (IPO) on the Dubai International Financial Exchange due to huge demand from investors.

Sultan Ahmed Bin Sulayem, chairman of the port operator, announced on 19 November that the stake available for sale will be increased from 20 per cent to 23 per cent.

In total, 3.8bn shares will now be made available.
Sulayem says strong demand from institutional and retail investors prompted the management to expand the flotation.
The pricing and allocation of shares is expected on 21 November, with the listing on following on 26 November.

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