Page 698 - DUBAI MUNICIPALITY ENGLISH PR REPORT - MARCH 2024

Parkin IPO pops 35% on debut Dubai

listing

By the end of Thursday, Parkin’s share price soared to
Dhs2.84, putting the company’s market capitalisation at
Dhs8.5bn

BY GARETH VAN ZYL
MARCH 21, 2024

Shares in Dubai’s newest listing, Parkin, were up more than 35 per cent on
Thursday amid a strong debut on the local bourse.

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The shares were listed at Dhs2.10 on Thursday morning. By the end of
Thursday, Parkin’s price soared to Dhs2.84, putting the company’s market
capitalisation at Dhs8.5bn. There were over 12,000 trades in the shares on its
debut Thursday.

https://gulfbusiness.com/parkin-ipo-pops-35-on-debut-dubai-listing/