Page 165 - ALEF EDUCATION PR REPORT - JUNE 2024

6/7/24, 9:48 AM PRESSR: Alef Education Holding plc successfully completes IPO bookbuild, raising AED 1.89bln with approximately 39x oversubsc…
PRESSR: Alef Education

Holding plc successfully

completes IPO bookbuild,

raising AED 1.89bln with

approximately 39x

oversubscription

Jun 6, 202410:27 GMT+4

Abu Dhabi, UAE – Alef Education Holding plc (“Alef Education”,

“Company” or “Group”), an award-winning AI-powered learning solutions

provider based in Abu Dhabi, today announces the successful completion

of the bookbuild and subscription process for its Initial Public Offering

(“IPO” or “Offering”) on the Main Market of the Abu Dhabi Securities

Exchange (“ADX”).

Key Highlights

The Final Offer Price has been set at AED 1.35 per Share (the “Shares”,

each a “Share”), at the top end of the previously announced offer price

range.

This implies a market capitalisation at the time of listing of AED 9.45

billion (US$ 2.57 billion[1]) and results in offer proceeds of AED 1.89

billion (US$ 514 million).

https://www.tradingview.com/news/reuters.com,2024-06-06:newsml_ZawV7hpR:0-pressr-alef-education-holding-plc-successfully-completes-ipo-book… 1/5