Dubai party hotel FIVE considers listing in London or New York

Dubai party hotel FIVE considers listing in London or New York

By Hadeel Al Sayegh and Federico Maccioni DUBAI (Reuters) -Dubai party hotel operator FIVE Holdings is considering listing in London or New York, three people with knowledge of the matter said. The company, which owns the Pacha hotel and nightclub, has been exploring an initial public offering in Dubai, it has said. Chairman and founder Kabir Mulchandani said last year the company was worth up to $3 billion and was considering a dual listing. He…

Dubai's FIVE considers London or New York listing

Dubai party hotel operator FIVE Holdings is considering listing in London or New York, sources have said. The company, which owns the Pacha hotel and nightclub, has been exploring an initial public offering (IPO) in Dubai, it said. Chairman and founder Kabir Mulchandani said last year the company was worth up to $3 billion and was considering a dual listing. He did not name possible locations. London could be a strong candidate given a majority …