Markets
Dubai Party Hotel Operator Five Plans IPO in City in 2025
- FIVE Holdings chairman says long-term goal is an IPO
- FIVE would list in Dubai, and possibly in London too
FIVE Holdings Ltd., which operates luxury hotels in Dubai and Switzerland synonymous with partying, is considering an initial public offering on the local bourse in about two years.
“Our long-term goal is to do an IPO,” Chairman and Founder Kabir Mulchandani told Bloomberg TV on Wednesday. “This year is definitely out, we would be looking at it in 2025,” he said.