One of the UAE's largest building contractors, Drake and Scull, began listing on the Dubai Financial Market yesterday, becoming the first new listing on the DFM this year. Drake and Scull sold 55% of its shares in July in its initial public offering (IPO), raising an overall $326.7m. The stock, at Dhs1 each plus an offering cost of Dhs0.02 per share, attracted 45,600 investors, and was 101 times oversubscribed.