Dubai: Dubai Financial Market (DFM) listed companies have raised more than Dh60 billion of funds through IPOs and capital increases through the bourse since its inauguration in 2000 to date, the bourse said on Monday.
Highlighting benefits of listing, Essa Kazim, Chairman of DFM, said IPO and listing massively contributes in value creation, as several listed companies gained between 85 per cent and 99.5 per cent of its current market capitalisation post the listing on DFM.
“ ... promoting going public is one of the main pillars of DFM’s strategy 2021 and further strengthens the IPO pipeline as IPOs represent the main stream for diversifying investment opportunities and achieve the best possible representation of key economic sectors on our market,” Kazim said.
Last week, DFM saw the listing of Emaar Development, a unit of Emaar Properties. The company raised more than $2 billion, valuing the company at $6.56 billion, with 800 million shares included in the offering, representing 20 per cent of share capital.
Emaar Development shares closed 1 per cent higher at Dh5.85.
