CEO says record-breaking demand for IPO, which was 130 times oversubscribed, reflects strength of DTC's investment proposition as Dubai’s largest mobility company
Oil prices extended losses from the previous session after energy companies in the US Gulf of Mexico resumed production after back-to-back hurricanes in the region shut output
The move is a setback for Dubai's bourse, the Dubai Financial Market, which has not seen a big ticket listing since 2017.
Tristar began its public share sale on April 4, setting a price range that implied a market capitalisation of 2.64-3.24 billion dirhams ($719-$882 million).