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5/29/24, 10:39 AM Alef Education targets $2.5bn valuation in UAE's first edtech IPO - Arabian Business: Latest News on the Middle East, Real Estat…
Alef Education targets $2.5bn valuation
in UAE’s first edtech IPO
The Abu Dhabi-based company set an indicative price range of
AED1.30 to AED1.35 per share for its IPO
The IPO subscription period starts today and is expected to run through June 4 for individual investors and
June 5 for professional investors
Alef Education Holding plc, an Abu Dhabi-based education technology provider, is
seeking a valuation of as much as $2.57 billion in the first-ever listing of an edtech firm
on the Abu Dhabi Securities Exchange.
The company set an indicative price range of AED1.30 to AED1.35 per share for its
initial public offering, according to a statement on Tuesday. At the top end, Alef would
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