Dubai Party Hotel Operator FIVE Plans IPO in City in 2025

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 Mulchandanitold Bloomberg TV on Wednesday. “This year is definitely out, we would be looking at it in 2025,” he said.

WATCH: FIVE Holdings Founder Kabir Mulchandani discusses plans for an IPO in about two years.

Source: Bloomberg

As a ‘Made in Dubai’ brand, the firm will target a primary listing in the emirate, Mulchandani said. “We would look at possibly London as well, but I think the way the Dubai capital markets are growing, it ...