Posted by: qmaxim | December 24, 2007

DP world IPO

DPW IPO is quoted below issue price.

Reasons not clear.
News people may be thinking on this lines:
Proabably was not really oversubscribed to the extent claimed
Allocation mechanism is unclear.
Possible Dhs > USD exchange rate change

Consequences I can guess..
Will become difficult for other companies to go to market
Will become difficult for DPW to approach market again.
Short term speculators would have been burned badly

Advertisements

I will be pleased to hear your views

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: