Port operator DP World plans to list its shares on the London Stock Exchange beginning next week in a bid to attract a wider range of investors, Associated Press reports.
The Dubai-based company on Wednesday issued details of the secondary listing. It expects its shares will begin trading in London on June 1, assuming it gets regulatory approval.
DP World currently trades on Nasdaq Dubai. It hopes listing in both Dubai and London will bring in more shareholders.
The company is a subsidiary of troubled state conglomerate Dubai World. It is the world's third-largest port operator, with operations at 49 cargo terminals on six continents.
The Dubai-based company on Wednesday issued details of the secondary listing. It expects its shares will begin trading in London on June 1, assuming it gets regulatory approval.
DP World currently trades on Nasdaq Dubai. It hopes listing in both Dubai and London will bring in more shareholders.
The company is a subsidiary of troubled state conglomerate Dubai World. It is the world's third-largest port operator, with operations at 49 cargo terminals on six continents.