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5/30/24, 11:09 AM Alef Education IPO Price Range Values Edtech Firm Between Dh9.1 Billion To Dh9.45 Billion
Alef Education IPO Price Range Values
Edtech Firm Between Dh9.1 Billion To Dh9.45
Billion
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5/29/2024 7:53:26 AM
(MENAFN- Khaleej Times) Alef Education Holding plc, an AI-powered learning solutions
provider based in Abu Dhabi, on Tuesday announced a price range of Dh1.30 and Dh1.35 per
share for its initial public offering.
The offer price range implies a market capitalisation at the time of listing of between Dh9.10
billion ($ 2.48 billion) and Dh9.45 billion.
The final offer price will be determined following the book-building process and is expected to
be announced on June 6. Admission of shares to trading on the main market of the Abu Dhabi
Securities Exchange (ADX) is anticipated to occur on or around June 12, the company said.
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