The UAE authorities are set to publish a new regulation to govern IPO subscriptions and allotments, in a bid to curb the abuse of the prevailing rules by big time investors. Under the existing IPO regulations, a single investor is allowed to subscribe to the total IPO size.
The new proposal comes in the wake of another step adopted by Emirates Securities and Commodities Authority (ESCA) to ensure the quick refund of surplus capital raised by IPOs.
