IPO

Saudi Arabia led the Middle East and North Africa initial public offerings, with 14 out of 19 listings occurring in the fourth quarter of 2023. The MENA region witnessed a total of 48 IPOs during 2023, amassing $10.7 billion in proceeds,…
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The Dubai Financial Market witnessed a 12.5 percent surge in the number of investor accounts in 2023 as compared to the previous year, the Emirates News Agency, also known as WAM, reported on Tuesday. The report, citing official data,…
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The trend of initial public offerings in the UAE and the Gulf Cooperation Council region will continue to remain strong, with more public and private sector firms taking this route, indicated an industry report. According to a release…
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State oil giant Abu Dhabi National Oil Co. on Friday set the final price for its initial public offering, valuing the company at about $50 billion after drawing record demand, according to Reuters. It will become Abu Dhabi’s largest…
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Oil prices rose slightly in thin Asian trade on Thursday, pausing from a six-day losing streak fed by mounting concerns that more aggressive interest rate increases by central banks could pressure economic growth and fuel demand. Brent…
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Italy’s Industrie De Nora said it plans to list in Milan in June, confident in investor interest for its business supporting the decarbonization and green energy transition despite volatile markets. De Nora makes components to produce…
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Arabian Food & Dairy Factories Co., also known as Fadeco, has set its initial public offering price range at SR65-71 ($17-19) per share as it plans to join Saudi Arabia’s stock listing spree this year. The book-building period starts…
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South Korean battery maker LG Energy Solution’s (LGES) $10.7 billion initial public offering (IPO) has received bids worth around $80 billion from institutional investors, two sources with direct knowledge of the deal said. The book for…
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Egypt is mulling the possible initial public offering of its joint project with Siemens known as Egypt Megaproject, the country’s largest power plants. “This offering is one of the most important projects in line with the objectives of…
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Al Ahly Sporting Club, Egypt's most decorated football club, is eyeing a potential IPO with 49 percent of the company's shares up for public offering, the company's chairman Yasin Mansour told Alarabiya. The club's board of directors is…
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