DEWA's $5.7b Dubai IPO oversubscribed at top end of range

DEWA's $5.7b Dubai IPO oversubscribed at top end of range

Dubai Electricity and Water Authority’s (DEWA) initial public offering (IPO), which could raise up to $5.7 billion, has seen heavy demand during its book-building process at the top end of the price, sources familiar with the matter said.