UAE retail investors made their presence felt in LuLu IPO

To paraphrase Simon Schama, history’s relationship to memory is rather like the of a sober daughter giving meaning to the recollection of her flighty mother.

Somewhat similar sentiments can be echoed about November 6, which will be long remembered for the historical comeback of Donald Trump. Perhaps, what will end up lost in the footprints of the sand will be the announcement of the LuLu Retail oversubscription. (All recent IPOs have been oversubscribed in the UAE, so not much of a surprise there)