- DUBAI: UAE-based retailer Axiom Telecom, which is majority held by a unit of conglomerate Dubai Holding, is eyeing an initial public offering for a listing on Nasdaq Dubai, the first IPO from the Gulf Arab country in two years, sources said on Tuesday.
Deutsche Bank is the sole mandated arranger on the deal but other banks could also play a role, one source familiar with the matter said. TECOM Investments, part of Dubai Holding Commercial Operations Group (DHCOG), owns 40 percent of Axiom.