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6/6/24, 2:51 PM Abu Dhabi’s First IPO of the Year Draws $20 Billion in Orders | AllSides
Abu Dhabi’s First IPO of the Year Draws $20 Billion
in Orders
Markets, Banking And Finance
Posted on AllSides June 5th, 2024
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From The Left
Abu Dhabi’s first initial public offering of the year drew in orders of $20 billion
as appetite for listings in the Gulf remains healthy.
Alef Education’s shareholders will raise 1.89 billion dirhams ($515 million)
after the deal priced at 1.35 dirhams per share, the top of the range. That
implies a market capitalization of 9.45 billion dirhams. The offer was 39 times
covered by local, regional, and international investors, according to a
statement on Thursday.
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https://www.allsides.com/news/2024-06-05-2315/banking-and-finance-abu-dhabi-s-first-ipo-year-draws-20-billion-orders 1/1
