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DP World's shares disappoint
- United Arab Emirates: Monday, December 31 - 2007 at 08:39
DP World's listing of nearly $5bn worth of shares on the Dubai International Financial Exchange (DIFX) has generated a subdued response from investors, reported Gulf News. Last Friday, December 29, the share price closed just below $1.2, a decline of 8.5% on the initial public offering price of $1.3. At these levels, DP World has shed nearly $1.8bn in capitalisation since it floated its shares on November 26.
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Jonathan Sheikh-Miller, Deputy EditorMonday, December 31 - 2007 at 08:39 UAE local time (GMT+4)
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