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Addar IPO raises USD101.6bn
- United Arab Emirates: Monday, December 27 - 2004 at 11:19
The final statistics showed that the Addar Properties initial public offering which closed on November 25 raised a record USD101.6bn from 21,980 subscribers, said a statement from the Abu Dhabi Investment Company. The IPO was 448 times oversubscribed and refund cheques were posted yesterday along with allotment letters.
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Peter J. CooperMonday, December 27 - 2004 at 11:19 UAE local time (GMT+4)
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