Clifford Chance

Clifford Chance leads on major London listing with DP World's US$11 billion Premium London Listing

International law firm Clifford Chance is advising longstanding Dubai-based client DP World Limited, one of the world’s largest container terminal operators, on its US$11 billion Premium London Listing that was announced today. The listing will give DP World dual "primary"-listed status, following its IPO and listing on NASDAQ Dubai in 2007 on which Clifford Chance also advised, still the region's largest IPO.

The transaction follows a number of other successful London equity listings for Clifford Chance and another market first, being the first Dubai/ London dual equity listing.

Corporate Finance partner Iain Hunter, who led the Clifford Chance team on the London Premium Listing, as well as the original NASDAQ Dubai IPO, commented:

"We are delighted to be announcing yet another high profile London listing for such a significant client so quickly after closing the Glencore IPO. Overseas interest in London Premium Listings remains strong and our role in these and other significant equity transactions highlights the strength of our international ECM business where we continue to act for issuers and underwriters on the leading deals."