DAMAS scheduled to list on the DIFX on July 8
July 3, 2008 · Leave a Comment
Damas International Limited announced in a statement that it raised $270.6 million (Dh993.94 million) from an Initial Public Offering (IPO) aimed to fund expansion.
Damas, which has stores in 18 countries, priced the stock at the lower end of its indicated range, selling 270.6 million shares to institutional investors outside the UAE at $1 each.
This gives the company a value of $968.6 million (Dh3.56 billion). Read more
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Damas eyes $355 mln in IPO
June 18, 2008 · Leave a Comment
The jewellery group Damas aims to raise as much as $354.73 million in an initial public offering to fund expansion in the Middle East, north Africa and south Asia.
Family-controlled Damas plans to sell 270.58 million ordinary shares at between $1 and $1.14 per share and list the shares on the Dubai International Financial Exchange (DIFX) next month, it said in a statement.
The offering of mainly new shares would be open to Middle East and global institutional investors outside of the United States, Damas said. Read more
