Qatar Petroleum's Unit IPO Oversubscribed

March 2008 | IPO News Alert

This week CFW reports on yet another oversubscribed Gulf IPO. Gulf International Services (GIS), a holding company owned by Qatar Petroleum (QP), attracted more than five times the amount company was seeking in its IPO, investors offered QAR8.9bn (US$2.45bn). The GIS IPO sold 65.80% to the public, while 30% will remain with QP and 4.20% will be sold to selected institutions.

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