Page 132 - ALEF EDUCATION PR REPORT - JUNE 2024
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6/7/24, 9:44 AM                      UAE's Alef Education sets IPO final price; market cap on listing seen at $2.57bln


        This implies a market capitalisation at the time of listing of AED 9.45 billion ($2.57 billion),
        a statement on Thursday said.



        At the end of the bookbuild, total demand for the IPO amounted to over AED 74 billion,

        implying an oversubscription level of approximately 39x in aggregate.



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        All the 1.4 billion shares to be offered are held by Tech Nova Investment – Sole

        Proprietorship L.L.C and Kryptonite Investments L.L.C.


        The shares are expected to be admitted to the Abu Dhabi Stock Exchange on 12 June,

        under the ticker symbol “AlefEdT".



        (Reporting by Brinda Darasha; editing by Seban Scaria)














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