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7/5/24, 4:30 PM Abu Dhabi IPO: UAE IT Services Firm Alpha Data Plans Initial Share Sale - Bloomberg
UAE IT Services Firm Alpha Data

Plans $200 Million Abu Dhabi IPO

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By Julia Fioretti
July 4, 2024 at 2:05 PM GMT+4

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United Arab Emirates-based IT services company
United Arab Emirates-based IT services company Alpha Data is planning an
Alpha Data

is planning an
initial public offering in Abu Dhabi, according to people familiar with the matter.
initial public offering in Abu Dhabi, according to people familiar with the matter.

and

on the potential
Emirates NBD Capital
EFG Hermes
The firm is working with EFG Hermes and Emirates NBD Capital on the potential
The firm is working with

share sale which could come as soon as the end of this year, the people said,
share sale which could come as soon as the end of this year, the people said,
asking not to be identified as the information isn’t public. Alpha Data is seeking to
asking not to be identified as the information isn’t public. Alpha Data is seeking to
raise about $200 million from the listing, according to the people.
raise about $200 million from the listing, according to the people.

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