Page 47 - SALIK PR REPORT OCTOBER 2024
P. 47

UPDATE
               LuLu Retail sets IPO share price range at


               Dh1.94 to Dh2.04



               UAE hypermarket operator's IPO subscription opens to unprecede


               nted demand



               Published:  October 28, 2024 07:46Manoj Nair, Business Editor

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               The blockbuster IPO that everyone awaiting for has opened. LuLu Retail set the
               share price range at Dh1.94 to Dh2.04.Image Credit: Gulf News

               Dubai: LuLu has confirmed the IPO range at Dh1.94 to Dh2.04 per share,

               with the final pricing to be confirmed on November 5.


               The range means an issue size Dh5.01 billion ($1.36 billion) and Dh5.27

               billion ($1.43 billion).
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