Spinneys' Dubai IPO Set to Price at Top, Raising $375 Million [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
dirhams ($375 million), showing strong demand for a rare private sector listing in the United Arab Emirates. Most Read from Bloomberg Musk Makes Surprise China Visit in Search of Tesla Revenue Boost Musk's China Trip Pays Off With Key Self-Driving Hurdles Cleared Elliott Built ‘Large' Stake in Buffett-Favored Sumitomo, Source Says Yen Watchers Ask When Japan Will Step In as Slide Accelerates Southeast Asia Heat Wave Shuts Schools, Stokes Power Demand The share sale is expected to price at 1.53 dirhams apiece and books are significantly oversubscribed at that level, according to terms of the deal seen by Bloomberg. The final price is set to be announced on May 1, with the stock expected to start trading a week after. Al Seer Group LLC, the family behind Spinneys 1961 Holding plc, is selling 900 million shares in the offering at a price range that began at 1.42 dirhams. Investors snapped up all shares on offer minutes after books opened last week, indicating continued st
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