Page 222 - ALEF EDUCATION PR REPORT - JUNE 2024
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6/3/24, 3:05 PM Alef Education increases IPO shares due to strong demand from investors | Markets – Gulf News
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Subscriptions open for Abu Dhabi's Alef Education IPO - UAE's third stock float
of 2024
As Alef IPO opens, is education going to be next big theme on UAE stock
markets?
Alef Education will be UAE's third IPO of 2024 - and first in Abu Dhabi
The IPO subscription period remains unchanged, with the first tranche offer closing
on June 4, 2024, and the second tranche offer closing on June 5.
The final offer price will be determined through a book-building process at the close of
the second tranche offer, with an announcement expected on June 6.
The completion of the offering and admission of the shares to listing and trading on
the main market of the ADX is expected on June 12, subject to market conditions and
obtaining relevant regulatory approvals in the UAE, including admission approval
from the Securities and Commodities Authority (SCA).
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