DP World raises .9 billion in stock sale!

DP World, the ship terminal operating company that U.S. politicians shunned, got a warm welcome from investors today as it was able to raise .9 billion through a sale of a 23 percent stake to the public. Far more investors wanted to buy shares in the company than was available – the issue was oversubscribed by 15 times. With that strong demand, the company was able to sell stock for .30 per share, the top end of the range that investment bankers had set. DP World paid .8 billion for P&a

Read this article...