Home2024The third hotly awaited IPO has driven out of the Road & Transport Authority – RTA garage. Just under 25% of Parkin’s shares will be offered to investors early next month, 10% to retail investors. Parkin operates around185k paid spots in Dubai; Sameer Lakhani expects it to try and convert some of our 392k free spaces into moneymakers. Sameer also says the UAE’s capital markets should benefit from its removal from the FATF grey list, with both primary and secondary markets to get a boost.
The third hotly awaited IPO has driven out of the Road & Transport Authority – RTA garage. Just under 25% of Parkin’s shares will be offered to investors early next month, 10% to retail investors. Parkin operates around185k paid spots in Dubai; Sameer Lakhani expects it to try and convert some of our 392k free spaces into moneymakers. Sameer also says the UAE’s capital markets should benefit from its removal from the FATF grey list, with both primary and secondary markets to get a boost.
