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World News | UAE: 'Alef Education'

Completes IPO Bookbuild, Raising AED1.89

Billion

Get latest articles and stories on World at LatestLY. Alef Education Holding on
Thursday announced the successful completion of the book-build and
subscription process for its Initial Public Offering (IPO) on the Main Market of

the Abu Dhabi Securities Exchange (ADX).

Agency News ANI| Jun 06, 2024 03:46 PM IST
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Dubai [UAE], June 6 (ANI/WAM): Alef Education Holding on Thursday

announced the successful completion of the book-build and subscription

process for its Initial Public Offering (IPO) on the Main Market of the Abu Dhabi

Securities Exchange (ADX).

In a statement today, the company unannounced the Final Offer Price at

AED1.35 per Share, at the top end of the previously announced Offer Price

Range, implying a market capitalisation at the listing of AED9.45 billion

(US$2.57 billion) and resulting in offer proceeds of AED1.89 billion (US$514

million).

https://www.latestly.com/agency-news/world-news-uae-alef-education-completes-ipo-bookbuild-
raising-aed1-89-billion-6018251.html