(Bloomberg) -- High-end supermarket chain Spinneys’ Dubai initial public offering is expected to price at the top of the range and raise 1.38 billion dirhams...
-- High-end supermarket chain Spinneys ’ Dubai initial public offering is expected to price at the top of the range and raise 1.38 billion dirhams , showing strong demand for a rare private sector listing in the United Arab Emirates.The share sale is expected to price at 1.53 dirhams apiece and books are significantly oversubscribed at that level, according to terms of the deal seen by Bloomberg .
Franklin Templeton and Emirates International Investment Company LLC together committed to subscribe for 275 million dirhams in Spinneys’ IPO. Here’s How Much You’d Have Now If You Invested $1,000 in Warren Buffett’s Berkshire Hathaway 10 Years Ago
Spinneys Initial Public Offering Franklin Templeton
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