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DP World IPO size increased

Dubai World has increased the size of the DP World initial public offering (IPO) due to strong demand from both institutional and UAE based retail investors. The IPO originally offered 20% of the company's shares but this has now been increased to approximately 23%. The total number of shares being offered will be more than 3.2bn, plus a greenshoe of 572.7m; the indicative price range is $1-$1.3.