DP World trades on London Stock Exchange

by -
2403

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.

 

 

Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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...

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.

 

 

Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

NO COMMENTS

Leave a Reply