Emaar raising as much as $1.5b from UAE development unit IPO

Emaar raising as much as $1.5b from UAE development unit IPO

An Emaar Properties PJSC sign stands beside billboards promoting the Opera district developments near the Burj Khalifa tower in Dubai, United Arab Emirates, on Friday, Nov. 7, 2014. Photographer: Chris Ratcliffe/Bloomberg

Emaar Properties PJSC is seeking to raise as much as $1.5 billion from the initial public offering of its United Arab Emirates development business in what would be the country’s biggest share sale since 2014.

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