IFLR1000

Emaar Development DFM IPO

15/11/2017
IPO
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Completed

15/11/2017

Overview:

  • Emaar Development has undertaken an IPO on the Dubai Financial Market stock exchange. 
  • The issuer, which is owned by Emaar Properties, is the developer of the Burj Khalifa in Dubai.
  • Emaar sold 800 million shares, or 20% in the company, through the IPO, which raised $1.3 billion. 
  • Joint lead managers on the deal were EFG-Hermes Brokerage, Emirates NBD Capital and First Abu Dhabi Bank.

Katrin Kostadinova - Data analyst 

Jurisdiction:

United Arab Emirates

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

United Arab Emirates

Industry sector:

Real estate

Firms:
Al Tamimi & Company

Party: Emaar Development (Issuer)

Allen & Overy

Party: EFG Hermes (Joint lead manager)

Party: Emirates NBD Capital (Joint lead manager)

Party: First Abu Dhabi Bank (Joint lead manager)

Linklaters

Party: Emaar Development (Issuer)

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