Page 89 - ALEF EDUCATION PR REPORT MAY 2024
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Alef Education valued at $2.5bn as IPO
price range set
By Pramod Kumar
May 28, 2024
Norma Mortenson/Pexels
Alef Education's technology is now in use in schools in the UAE, the United States,
Indonesia, Morocco and Qatar
• First edtech firm on a UAE exchange
• 1.4bn shares on offer
• Subscription period ends June 5
Alef Education, the first education technology company to list on a UAE stock
exchange, has set its initial public offering (IPO) price range between AED1.30 and
AED1.35 ($0.35-0.37) a share.
Accordingly, the market capitalisation on listing will be between AED9.1 billion ($2.5
billion) and AED9.45 billion on listing.
https://www.agbi.com/markets/2024/05/alef-education-valued-at-2-5bn-as-ipo-price-range-set/
