Emirates REIT sees Nasdaq listing next month

March 24, 2014 2:30 am

Dubai-based real estate investment trust, Emirates REIT has said it has set the price range for its initial public offer of shares at $1.36 to $1.56 per share, and expects the listing on Nasdaq Dubai to occur around the middle of next month, Reuters has reported. The company, valued at between $356.2m and $408.6m, said it will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.