3Power Energy Group Inc (PSPW)

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You would think that if they could generate interests of 71billion for a parking garage Falaknaz could do something with pspw

Dubai’s Parking Gets $71 Billion in Demand for $429 Million IPO
Parking IPO price set at 2.10 dirhams per share, top of range
Parking is the Dubai government’s latest privatization

By Julia Fioretti
March 14, 2024 at 2:16 AM EDT
Parking Co. PJSC received $71 billion of orders for its $429 million Dubai initial public offering, underscoring the continued strong demand for share sales in the Persian Gulf.

The IPO of the city’s parking business was 165 times covered, according to a statement on Thursday. The final price was set at 2.10 dirhams per share, the top of a marketed range, valuing Parking at $1.7 billion. The Dubai Investment Fund sold 749.7 million shares, or a 25% stake, in the IPO.

https://www.bloomberg.com/news/articles/2024-03-14/dubai-s-parkin-gets-71-billion-in-demand-for-429-million-ipo?utm_medium=email&utm_source=newsletter&utm_term=240314&utm_campaign=author_21124512