DUBAI: Toll operator Salik raised 3.73 billion dirhams ($1.017 billion) in an initial public offering on the Dubai Financial Market, according to a statement. The IPO was oversubscribed 49 times across all tranches, with gross demand totaling 184.2 billion dirhams. Its offering price was 2 dirhams per share, giving it a valuation of 15 billion dirhams. In comparison to the