IPO
IPOs allow investors to diversify their investments across various UAE sectors, including tech, healthcare, and energy
Upon listing, Alpha Data’s market capitalization stood at approximately $408 million
ADX launched the "New ADX Group" to enhance market infrastructure and trading efficiency with two entities
The electronic system for issuing securities will streamline procedures, reducing time and effort for stakeholders
Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share
The final offer price will be determined through a book-building process and is expected to be announced on February 26
The system allows investors to subscribe directly through portfolios, eliminating the need for new accounts
The subscription period will open on February 20 and end on February 25
Market capitalization surged by 32 percent to $246.9 billion
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
Food delivery firm Talabat raised $2 billion in its stock market debut, the largest IPO in the MENA region during 2024
