Spinneys’ $375 Million Dubai IPO Draws Orders Worth $19 Billion
- Supermarket chain prices IPO shares at top of the range
- Spinneys is a rare private sector listing in the UAE
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High-end supermarket chain Spinneys received about 71 billion dirhams ($19.3 billion) in orders for its $375 million Dubai initial public offering, underscoring strong appetite for a rare private sector listing in the United Arab Emirates.