25.11.2010 - Persian gulf investors shun IPOs as Asia sets record
From Bloomberg: Aluminium Bahrain, owned by sovereign wealth fund Bahrain Mumtalakat Holding Co., raised $339 million after going public at the bottom of the 0.90 dinar to 1.25 dinar range used to sell the stock to money managers. Nawras, which is controlled by Qatar Telecom QSC, sold shares for 702 baisas each, also the bottom of the range, after taking an additional week to find buyers for the shares. Nawras shares have gained 3.3 percent since they started trading on Nov. 1..............................................Full Article: Source
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