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Nakheel mulls $15bn IPO move – reports – Real Estate – ArabianBusiness.com

Posted by 7starsdubai on 2008/12/02

Nakheel mulls $15bn IPO move – reports – Real Estate – ArabianBusiness.com

Palm developer Nakheel is reportedly considering plans for an initial public offering (IPO) to raise up to $15 billion.
A report on Monday by newswire Bloomberg quoted unnamed bankers that the developer, the UAE’s biggest developer by project value with nearly $80 billion worth of schemes in the pipeline, is also looking for IPO managers.

A Nakheel spokesperson neither confirmed nor denied the move, and was quoted by UAE daily Gulf News on Tuesday as saying: “A company as large as Nakheel is constantly exploring a number of capital raising options, be it traditional debt issues, private equity, real estate investment trusts and direct project financing from banks.”

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http://www.arabianbusiness.com/540083-nakheel-mulls-15bn-ipo-move—reports

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