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Lulu is now listed under the ticker "LULU"
Admission of the shares for trading is expected to take place on or around December 10
The pro forma net profit reached AED110 million, showcasing a robust net profit margin of 9 percent
Outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors
The offering garnered aggregate demand exceeding $37 billion from local, regional, and international investors
The offer price range remains unchanged, set between AED1.94 and AED2.04 per share
The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences
This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy
The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing
Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings
Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)
ADNH Catering offered 900 million shares, or 40 percent of its capital
The company plans to list 900,000,000 shares each with a nominal value of AED0.10
The price range for the IPO was set between SAR5 and SAR5.30 per share
Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom
The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each
At the close of the subscription period, the retail tranche was oversubscribed 600 times
Delivery Hero will continue to retain majority interest in the business after the listing
Subscription period to open on Friday, August 30, 2024, for individual investors in the UAE
Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds
The group saw increases of $37.3 million in outpatient revenue and $22.3 million in inpatient revenue
The UAE market contributed a remarkable 58 percent of 2023 IPO proceeds in the GCC region
In September 2022, PureHealth acquired a 26.05 percent equity stake in Ardent Health for $500 million
GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024
