Dubai’s IPO Stampede Sees First Private Firm Unveil Listing Plan
- StarLink working with EFG Hermes to complete IPO by early 2022
- Dubai to list state firms to catch up with Riyadh, Abu Dhabi
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Dubai-based information technology company StarLink plans to go public early next year, in a sign the government’s goal of listing state firms is encouraging the private sector to follow suit.
Starlink is working with Egyptian investment bank EFG Hermes and expects to finalize its listing on the Nasdaq Dubai bourse in the first quarter of next year, Chief Executive Officer Nidal Othman said in an interview.