Marka discloses PR & Ad expenditure for IPO

Marka, the retail operator that recently listed its shares on the Dubai Financial Market (DFM), has disclosed in its prospectus that AED 5.1million was spent on the PR campaign and advertising expenses for its initial public offering (IPO).

The PR campaign was led by New Perspective Media, and the circa AED 5million investment in marketing and PR helped to significantly boost the profile of the offer, as the company received orders exceeding AED 10billion for the AED 275million shares that were issued, resulting in significant oversubscription.

Marka’s IPO is the first on the DFM Dubai market since the global financial crisis in 2008, and the DFM currently holds as the leading performing market globally in 2014, up over 50% since January.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply