Dubai's Parkin surges 30% on trading debut in UAE's first IPO of the year

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Parkin is the largest provider of paid parking in Dubai, and is set to see further demand as the city's population grows.

Shares of Dubai parking operator Parkin surged more than 30% as the company went public on the Dubai Financial Market.

Modern architecture, Dubai central business district and car traffic are seen from Sky Views Observatory on Dec. 13, 2023 in Dubai, United Arab Emirates.DUBAI, United Arab Emirates — Shares of Dubai parking operator Parkin surged more than 30% Thursday as the company went public on the Dubai Financial Market.

Parkin is the largest provider of paid parking in Dubai, and is set to see further demand as the city's population grows.

 

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