Emaar IPO could price at 10-20% premium

IPO WATCH- Emaar IPO could price at 10-20% premium: The upcoming listing of Emaar Properties’ UAE-based development arm could see the company offer shares at a 10-20% premium to the unit’s net asset value, sources close to the matter tell Bloomberg. The move appears to accommodate the target aggregate dividend of USD 1.7 bn (to be paid over three years) from the offering, which constitutes 20% of the development business. The bidding window will open on 2 November.