Dubai's Next Big Real Estate IPO

Dubai business park operator #tecom Group set price guidance on Thursday for its initial public offering that showed it could raise up to 1.67 billion dirham ($454.7 million) in the listing.

Tecom Group, owned by the investment vehicle of Dubai's ruler, plans to sell 625 million shares, or 12.5% of issued share capital, at a price range of 2.46 dirham ($0.66) and 2.67 dirham ($0.72) per share.

That implies a market capitalisation of between 12.3 billion dirhams and 13.4 billion dirhams, said the group, which operates ten business parks and districts across the emirate of Dubai.

Timestamps:
00:00 Introduction
04:04 Stats
05:28 Competitors
08:02 Meme Factors
10:26 Bull vs Bear