Page 131 - ALEF EDUCATION PR REPORT - JUNE 2024
P. 131
6/7/24, 9:44 AM UAE's Alef Education sets IPO final price; market cap on listing seen at $2.57bln
At BETT 2023, experts from Alef Education were available at their stand to discuss the latest trends and challenges in the
EdTech industry. Image Courtesy: Alef Education
IPO
UAE's Alef Education sets IPO final price;
market cap on listing seen at $2.57bln
The edtech firm says the offering saw 39x oversubscription
Brinda Darasha, ZAWYA
June 6, 2024
The UAE's Alef Education, which is floating 20% of its share capital in an initial public
offering (IPO), has set the final offer price at the top of the indicative range at 1.35 dirhams
($0.37) per share, potentially raising AED 1.89 billion ($514 million).
https://www.zawya.com/en/markets/equities/uaes-alef-education-sets-ipo-final-price-market-cap-on-listing-seen-at-257bln-sjtf80i1 1/3
