DP World trades on London Stock Exchange

Reading Time: 1 minute

DP World Ltd, a subsidiary of Dubai World, began trading on the London Stock Exchange yesterday.  By the end of the day, they were trading at a premium of 1.7% to closing rates.  After hitting a high of 880 pence, the stocks stabilized at about 840 pence, or $13.80, around noon.  The company also lists itself on the Nasdaq Dubai, but was hoping to increase investor confidence after a poor showing in 2008.

DP World once boasted the largest IPO in Middle East history in 2007, raising $4.96 billion, but continued growth has been tough after the economic downturn.  Its parent company has been going through an intense restructuring.  The company operates deep-water ports around the globe.

 

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

DP World Ltd, a subsidiary of Dubai World, began trading on the London Stock Exchange yesterday.  By the end of the day, they were trading at a premium of 1.7% to closing rates.  After hitting a high of 880 pence, the stocks stabilized at about 840 pence, or $13.80, around noon.  The company also lists itself on the Nasdaq Dubai, but was hoping to increase investor confidence after a poor showing in 2008.

Reading Time: 1 minute

DP World Ltd, a subsidiary of Dubai World, began trading on the London Stock Exchange yesterday.  By the end of the day, they were trading at a premium of 1.7% to closing rates.  After hitting a high of 880 pence, the stocks stabilized at about 840 pence, or $13.80, around noon.  The company also lists itself on the Nasdaq Dubai, but was hoping to increase investor confidence after a poor showing in 2008.

DP World once boasted the largest IPO in Middle East history in 2007, raising $4.96 billion, but continued growth has been tough after the economic downturn.  Its parent company has been going through an intense restructuring.  The company operates deep-water ports around the globe.

 

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid