London (AFP) - RFP Dubai World, fourth largest operator of port in the world, made his debut on the London Stock Exchange on Wednesday, a week after Swiss commodities giant Glencore reaches the market.
The stock started trade to 830 pence per share and approximately 157,500 shares have changed hands so far, according to the website of the London Stock Exchange.
Society controlled by the Government, which is already listed on the Nasdaq Dubai, became the first company in Dubai for a list of premium London.
"DP World Limited is pleased to announce that all of its common shares of 830 million today have been admitted to the official list of the authority, listing UK and negotiation on the main market of the London Stock Exchange listed securities," the group said in an official statement.
"No there were no new capital raised in listing on the London Stock Exchange." The goal is to provide an additional platform to invest in shares of DP World to help attract a wider range of investors.
"DP World shares will continue to trade under the existing list of DP World on Nasdaq Dubai with its actions being completely fungible (interchangeable) through the two exchanges."
Sultan Ahmed Bin Sulayem, Chairman of DP World, described the development as an "event" for the group.
"Today marks another milestone in our history as DP World becomes the first company in Dubai for a premium of list on the London Stock Exchange."
"This is a very proud day Council and DP World management", he added.
Last week, Glencore has become the first company in 25 years to join the FTSE 100 index on his admission to the London Stock Exchange.
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