DP WORLD, the Dubai ports group that owns half of Southampton Container Terminals raised £2.4 billion by listing a 23 per cent stake in the company.
The share offer, which was 15 times over subscribed, values the entire company at more than £10 billion.
More than 50,000 individuals will receive shares, after the level of interest was so strong bosses upped the stake in the company on offer from 20 per cent.
"We are delighted with the response," chairman Sultan Ahmed Bin Sulayem said yesterday. "The fact the IPO has been so heavily oversubscribed reflects the market's confidence. DP World will have a solid base of international investors."
DP World, which operates 42 terminals in 22 countries, bought SCT joint owner P&O for £3.92 billion in 2006.
A pipeline of new projects is expected to almost double capacity at the company within 10 years as it expands in countries including the United Arab Emirates and China.
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