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6/7/24, 9:45 AM                                Alef Education IPO 39 times oversubscribed | AGBI
                      Alef Education IPO 39



                      times oversubscribed





                      By Matt Smith   June 6, 2024











































                       Reuters/Jason Reed

                      The Middle East’s edtech sector will generate $11.2bn in annual revenue in 2030, the
                      Delaware-based Verified Market Research predicts.





                          More than $20bn in orders


                          Share price at upper limit



                          Market cap of AED9.5bn





                      Orders totalling more than $20 billion were placed at the IPO of Abu

                      Dhabi’s Alef Education this week, leaving it 39 times over-subscribed.



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