business
Pan-Arabia Enquirer IPO expected to value website at over $100
Shares of satirical news site will start at Dh0.30 when trading opens in Dubai tomorrow
An artist's impression of how the Karama Exchange's bourse will look when Pan-Arabia Enquirer shares go on sale tomorrow morning
DUBAI: The world’s financial eyes will tomorrow descend upon Dubai for the hotly-anticipated IPO of satirical news website The Pan-Arabia Enquirer.
The shares are expected to open with a value of Dhs0.30 when trading begins at 9am on the Karama Exchange, but stock market experts are predicting this to have risen to Dh0.39 when the markets close at 4pm, valuing the website at over Dh367 ($100).
The Pan-Arabia Enquirer’s mysterious owner – who is expected to make over $50 from the floatation – is said to be opening the trading tomorrow by ringing a satirical online bell.
“This is undoubtedly the most eagerly anticipated satirical public offering ever in the Middle East,” said Dubai-based stock market expert Reginald Platinum-Ballbag.
Ali
May 18, 2012 at 4:02 pm
I’ve already emptied my piggybank- Time to make up the money I lost when I sold my 2% share in Apple 25 years ago.
andy
May 20, 2012 at 4:08 pm
Ill miss my daily karama shawarma and invest in 10 shares 🙂
Sheikh Yobouti
May 20, 2012 at 6:15 pm
I am from Jordan. How do I go about buying shares in this most profitable and informative website? I am prepared to leave large untraceable banknotes in a bag without expecting a receipt, as like many other Jordanian readers of this site, I have extremely strong instincts and can spot a scam a mile off. I judge this to be perfectly safe.