Jamal Majid bin Thaniah, the Vice Chairman of DP World, has denied that the firm intend to hold an initial public offering (IPO) before the end of the year to raise $4.2bn, reported Gulf News. Thaniah described a previous Reuters report which suggested DP World would sell 20% of its shares and list them on the Dubai International Financial Exchange as 'market speculation'. [AMEInfo.com]



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Posted: 09|22|07 at 5:13 am. Filed under: News.