DUBAI—In a move aimed at avoiding the sluggish retail demand that has blighted recent initial public offerings in the Gulf region, Axiom Telecom said Sunday that its 35% share sale, the first in the United Arab Emirates in more than two years, would be pitched solely at institutional investors.
The Dubai-based mobile-phone distributor set the price range for its IPO at between $0.80 and $1.15 a share, valuing the company at up to $1.09 billion. The share sale will run from Sunday until around Dec. 3, it said in an emailed statement.
Click here
No comments:
Post a Comment