DP World is considering offering shares to the public as a way to raise cash, a spokesman for the company has clarified. The other options include issuing bonds or entering into loans. It had earlier been reported that an IPO for DP World was not an option. The original article should have read that a listing for Dubai World – the company that owns DP World – was not an option. Further confusion was caused yesterday when a correction was put out and the original article was amended and re-issued. No decisions have yet been made, Fairplay understands, on whether or not an IPO will go ahead. DP World chairman Sultan Bin Sulayem reportedly told state-owned Emirates News Agency that the choice of fundraising would be determined by cost effectiveness. Dubai World is a diversified investment and holding company that includes Jadaf Dubai, Dubai Dry Docks, Dubai Maritime City, DP World, Jebel Ali Free Zone Authority, and Istithmar, the investment fund that acquired Inchcape Shipping Services last year.
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