souq.com, the Dubai-based online retailer with more than 1.5 million products on the site and 45 million monthly visitors, is planning to sell an undisclosed stake in an initial public offering (IPO) within the coming two years, said the company’s CEO. He further added that the IPO plan comes after the company increased its capital to USD400mn, aiming to be listed either on the Saudi or UAE stock exchange within 12 to 18 months. (Argaam)
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