UAE’s Taaleem IPO begins subscription at AED 2.95-3 per share
Dubai school operator Taaleem Holdings has set a price range and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). The price range was set at 2.95 to 3 dirhams per share.
Taleem’s subscription price range will include a total of 254.2 million shares, representing 25.32% of the company’s capital at 2.95 dirhams per share, and a total of 250 million shares, representing 25% of education capital at 3 dirhams per share.
The proceeds from the IPO will be then used to fund the development of four new premium schools across Dubai and Abu Dhabi, according to Taaleem’s chief executive.