Emaar MGF mulling IPO, to raise $1.7 bn

Real estate firm Emaar MGF will be listed in the Indian bourses by launching an initial public offering (IPO) to raise $1.7 billion by early next month, said the company's chairman."We are leaving it in the hands of the authorities and I believe they will do good due diligence. We are expecting the IPO to happen early January," Mohamed A. Alabbar, chairman, Emaar Properties, said on the sidelines of the India Economic Summit in New Delhi on Monday.