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Damas raises $270m in IPO
- United Arab Emirates: Thursday, July 03 - 2008 at 08:16
Dubai-based Jewellery retailer Damas on Wednesday announced the pricing of 270 million shares in its initial public offering at $1 per share, fetching $270.6m. The Damas group operates in 18 countries, with 438 stores around the world as of 31 December 2007, and has an extensive retail network with stores primarily located in the Middle East, South Asia, Europe and North Africa.
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