DUBAI: Dubai Parks & Resorts, a company set up by state-owned Meraas Holding to develop a theme park in the emirate, will seek 2.53 billion dirhams, or US$690 million (RM2.3 billion), in an initial public offering that starts next Monday. The offer will run until November 27 with shares priced at 1.01 dirhams each. It expects the stock to start trading on the Dubai Financial Market on December 10. Goldman Sachs Group Inc, HSBC Holdings Plc and Emirates Financial Services PJSC are joint global coordinators on the deal and EFG Hermes is joint bookrunner. Bloomberg
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