Dubai’s FIVE Holdings considers London or New York listing as IPO plans evolve

UAE – Dubai-based party hotel operator FIVE Holdings, known for its ownership of the iconic Pacha hotel and nightclub, is reportedly exploring options to list its shares on stock exchanges in London or New York, according to three sources familiar with the matter.

This consideration marks a potential shift from the company’s previously stated plans to pursue an initial public offering (IPO) in Dubai.

FIVE Holdings has publicly acknowledged its interest in going public and has been actively exploring an IPO in Dubai, aiming to capitalize on strong investor appetite for hospitality and lifestyle brands.

However, the company is now weighing the benefits of listing in major international financial centers such as London or New York, which could offer greater access to global capital markets and broader investor exposure.

Chairman and founder Kabir Mulchandani revealed last year that FIVE Holdings was valued at up to USUS$3 billion and was contemplating a dual listing strategy to maximize market reach and liquidity.

While he did not specify the potential locations for the listings at that time, the current discussions suggest that London and New York are front-runners in the company’s deliberations.

The company’s portfolio centers around vibrant, lifestyle-focused hospitality assets, with the Pacha brand being a flagship property that combines hotel accommodations with a world-renowned nightclub experience.

FIVE Holdings has carved out a niche in the luxury party hotel segment, appealing to a youthful, affluent clientele seeking immersive entertainment and social experiences.

Listing on a major international exchange would represent a significant milestone for FIVE Holdings, positioning it among global hospitality and lifestyle leaders.

Such a move could enhance the company’s visibility and credibility, attract institutional investors, and provide capital to fuel further expansion in key markets.

The decision on the listing venue will likely consider factors such as regulatory environment, investor base, valuation potential, and strategic growth plans.

As the hospitality industry continues to recover and evolve post-pandemic, companies like FIVE Holdings are leveraging public markets to accelerate growth and innovation.

While no final decision has been announced, the company’s exploration of London and New York listings signals its ambitions to establish itself as a global player beyond its Dubai origins.

Stakeholders and market watchers will be closely monitoring developments as FIVE Holdings navigates this critical phase of its corporate journey.

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