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Dubai business park operator TECOM valued at $3.6b as IPO draws investor interest

RIYADH: Tecom Group, a member of the Dubai Holding group, has set the price range for its initial public offering at 2.46 dirhams ($0.67) to 2.67 dirhams per share. This values the company at $3.6 billion, Bloomberg reported citing people familiar with the matter. The people added that the Emirate government is seeking $454 million from the group’s IPO. The subscription period
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Dubai Plans to Sell a 12.5% Stake in Business Park Operator Tecom Group in an IPO, the ... - Latest Tweet by Bloomberg

The latest Tweet by Bloomberg states, Dubai plans to sell a 12.5% stake in business park operator Tecom Group in an IPO, the second offering by the government this year to boost trading volumes and increase liquidity on the exchange ... Dubai Plans to Sell a 12.5% Stake in Business Park Operator Tecom Group in an IPO, the ... - Latest Tweet by Bloomberg.
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