The Abu Dhabi Securities Exchange (ADX) welcomed today the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing ADX’s commitment to broadening the market and offering diversified investment opportunities.
“Our listing marks an exciting new chapter for Alpha Data and is more than just a milestone in our 40-year journey of growth and innovation; it’s a commitment to our shareholders and the broader market to keep delivering growth and champion technological developments,” stated Fayez Ibbini, founder and CEO of Alpha.
Alpha Data’s market cap hits $408 million
Alpha Data’s IPO attracted strong demand from regional and international investors, with the offering oversubscribed by double digits. The company raised AED600 million ($163 million) through the issuance of 40 percent of its issued share capital, at the top end of its offer price of AED1.50 per share.
Upon listing on ADX, Alpha Data’s market capitalization stood at approximately AED1.5 billion ($408 million), underscoring its strong position in the UAE’s technology sector.
“This milestone reflects our unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector,” stated Abdulla Salem Alnuaimi, group CEO of ADX.
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ADX supports UAE tech industry’s growth
Alpha Data’s listing also underscores ADX’s commitment to supporting the UAE’s tech industry by attracting high-growth companies in future-focused fields such as AI, the Internet of Things (IoT), Big Data and Cloud Computing.
Through its deep and dynamic capital market, ADX provides companies with efficient access to growth capital, supporting their expansion and innovation while reinforcing its role in driving economic diversification and technological advancement.
“As a key enabler of sustainable growth and capital market development in the region, we will continue to support more private companies to achieve their growth ambitions via the ADX listing platform,” added Alnuaimi.
The listing of Alpha Data is also an extension of the newly launched ADX Group’s efforts in enabling pioneering businesses to drive innovation and support Abu Dhabi’s economic transformation. ADX recently announced the launch of ADX Group, which has established advanced trading, clearing and settlement capabilities through its new subsidiaries, AD Clear and AD CSD.
These developments create a more dynamic and efficient marketplace for issuers and investors, cementing Abu Dhabi’s status as a leading global financial center.
