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Supermarket chain Spinneys’ shares surge
above 11% on trading debut
The company’s shares started trading at Dhs1.70, against its
IPO price of Dhs1.53, the top end of the price range
BY KUDAKWASHE MUZORIWA
MAY 9, 2024
Image credit: Christopher Pike/ Getty Images
Shares of supermarket chain Spinneys’ franchisee in the UAE and Oman
(Spinneys 1961 Holding) soared on its trading debut on Thursday, after the
company raised $375m (Dhs1.38bn) from its initial public offering (IPO) that
attracted orders worth $19bn.
https://gulfbusiness.com/shares-of-dubais-spinneys-soar-on-trading-debut/
