DUBAI: Dubai government-owned road-toll operator Salik, which priced its initial public offering at 2 dirhams ($0.54) saw all its offered shares bought over by investors within hours of its opening on Tuesday.
The Dubai-based firm has offered 1.5 billion shares, or 20 percent stake, on the Dubai Financial Market as it looks to raise $817 million.
Individuals and eligible Salik employees can subscribe from Sept. 13 through Sept. 20, and professionals and institutional investors can subscribe until Sept. 21, it said in a statement.
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