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spotlights the top five GCC IPOs by proceeds during the first half (H1) of
2024.
Top 5 GCC IPOs in H1 2024
Markaz’s report highlights the top 5 GCC IPOS by proceeds during H1 2024:
2. Alef Education
Alef Education’s IPO raised a total of $515 million in proceeds, making it the
second-largest IPO in 2024 so far. The company offered 1.4 billion shares or
a 20 percent stake. The offering was covered 39 times. The IPO proceeds
made up 14 percent of total GCC IPO proceeds during H1 of 2024. The
company listed its offering on June 11, 2024, on the Abu Dhabi Securities
Exchange (ADX).
(Source: WAM)
https://economymiddleeast.com/news/top-5-gcc-ipos-by-proceeds-during-h1-2024/
