Page 56 - ALEF EDUCATION PR REPORT MAY 2024
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5/29/24, 10:25 AM Edtech Firm Seeks $515 Million in Abu Dhabi’s First IPO of 2024 - Bloomberg
Abu Dhabi-based Alef Education’s shareholders are looking to raise as
Abu Dhabi-based Alef Education’s shareholders are looking to raise as
much as 1.89 billion dirhams ($515 million) in an initial public
much as 1.89 billion dirhams ($515 million) in an initial public
offering that will be the first in the United Arab Emirates’ capital this
offering that will be the first in the United Arab Emirates’ capital this
year.
year.
The price range was set at 1.30 dirhams to 1.35 dirhams per share,
The price range was set at 1.30 dirhams to 1.35 dirhams per share,
according to a statement on Tuesday. Tech Nova Investment – Sole
according to a statement on Tuesday. Tech Nova Investment – Sole
https://www.bloomberg.com/news/articles/2024-05-28/edtech-firm-seeks-515-million-in-abu-dhabi-s-first-ipo-of-2024 2/2
