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$107bn chases Aabar IPO
- United Arab Emirates: Monday, April 25 - 2005 at 15:26
The initial public offering of shares in Aabar Petroleum Investments Company PJSC has raised a new record of $107bn, according to The National Investor, financial advisor, sole lead manager and book runner of the IPO. TNI's estimates show that the IPO has been oversubscribed by almost 800 times with more than 87,000 subscribers submitting applications for shares.
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Peter J. CooperMonday, April 25 - 2005 at 15:26 UAE local time (GMT+4)
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