The company did not disclose the size or timing of the offering, saying only that preparations remained at an early stage and that some objectives were easier to pursue as a privately held company.

SpaceX’s planned initial public offering at a valuation of at least $1.8 trillion is emerging as a major test of investor appetite for artificial intelligence and technology stocks, as markets prepare for a potential wave of blockbuster listings. Formal marketing for the IPO is expected to begin next week, with...

UAE's Etihad Airways and Saudi Arabia's Flynas are preparing to listing on local stock markets, the first IPO by Gulf carriers in nearly two decades. Etihad will sound out investors next week ahead of a potential sale of around a 20 percent stake, and potentially raising around US$1 billion.

For the nine-month period, net profit increased by 73.3%.

The subscription will close on 27 Nov for UAE retail investors.

The proceeds make it the largest UAE IPO of 2024 to date.

Abu Dhabi, UAE -- The IPO market in the Middle East and North Africa (MENA) region remained resilient during the second quarter of this year, with 14 IPOs registering total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year. According to the Ernst & Young...

Riyadh, Saudi Arabia -- Saudi Aramco netted $12.35 billion, $1 billion more than expected, from a secondary share sale after exercising an over-allotment option, the deal's stabilizing manager said on Wednesday. An additional 154.5 million shares were issued in response to demand from investors, Merrill Lynch Kingdom of Saudi Arabia said, taking...

Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254 million.

The company had paid an interim cash dividend of $1.62bn in Dec 2023.

It comes amid a slowdown in the tech sector IPOs.

The collaboration will bolster accessibility to ADX IPOs.

The offer was oversubscribed 165 times for all tranches combined.

Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) following an exceptional level of over-subscription and demand from retail investors. Following the approval of the Securities and Exchange Authority (SCA), the UAE...

MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social network Pavel Durov said. The US$30 billion valuation was made by global technology funds in particular, Durov said in an interview with The Financial Times. “Generally speaking, we see value...

The price range implies a market capitalization of $1.63bn-$1.72bn.

The net profit grew by 5.1 percent to $155 million.

Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised, said the EY MENA IPO Eye Q4 2023 report. During Q4 2023, 19 IPOs raised $4.9 billion in proceeds. ADES Holding Company raised the most funds.

Its board has proposed a cash dividend of US$76.24m.

The firm will offer 6 million shares in its Initial Public Offering.

MBC Group runs a group of TV and radio channels.

The IPO witnesses demand of over AED 265bn ($72.15bn).

It received more than US$41 billion in investor orders.

Abu Dhabi, UAE--Abu Dhabi IPO Fund (ADIPOF) is working on three initial offerings in the technology, hospitality, restaurants, and financial sectors, expected toward the end of 2024. It was revealed by Bassel Al Khawaja, Advisory Head at Abu Dhabi IPO Fund (ADIPOF) on the sidelines of the 2nd day of...

The conglomerate intends to sell 33.25 million shares.

Final offer price will be fixed through a book-building process

Dubai, UAE -- Dubai Taxi Company Monday announced its intention to proceed with an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, the company said that 624.750 million shares, each with a nominal value of...

The listing of shares on ADX is set for November 17.

It is the first crypto entity to be listed on a Middle East bourse.

The German sandals maker has set its share price at $46.

The sports car maker posted gains one year after its IPO.

Dubai, UAE - Chinese luxury electric vehicle manufacturer Zeekr, a subsidiary of Geely, is set to make its debut in the Middle East next year, as part of its global expansion efforts leading up to a planned initial public offering (IPO) in the United States, Financial Times reported on Friday. ...

It did not give a timetable for the move or how much it hoped to raise.

The firm, PT Multitrend Indo, was listed on the Indonesian stock exchange.

The daylong retail offering saw 124,900 investors subscribe.

Birkenstock employs around 6,200 workers globally.

The book-building process starts Sunday and run through Sept. 14.

It will be hiked by US$79.6m through a public offering.

Cairo, Egypt--Egypt is looking to raise $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Program by the Cabinet's Information and Decision Support Center (IDSC). The report showed that Egypt plans...

Riyadh, Saudi Arabia -- ADES International Holding, an oil and gas driller backed by Saudi Arabia’s sovereign wealth fund, PIF, has announced its intention to go public and list its shares on Saudi stock exchange (Tadawul), with the planned Initial Public Offering expected to reportedly fetch more than $1 billion....

VNG operates music streaming, mobile payment and online games.

The company posted first-half revenues of $2.8 billion.

Jamjoon Pharma IPO was launched on May 25 at SAR 60 per share.

Shares in UAE state oil company ADNOC's logistics unit soared 50 percent as they hit the market in a $769 million initial public offering on Thursday. The listing comes just weeks after ADNOC floated its gas unit in a $2.5 billion IPO in March.

The net profit increased by 79 percent over Q1 2022.

This implies a market capitalization of $888 million.

The company will follow it up with a listing on QSE.

Abu Dhabi, UAE -- Abu Dhabi National Oil Company (ADNOC) on Wednesday announced that the final offer price for the Initial Public Offering of its ADNOC Logistics & Services has been fixed at AED2.01 per ordinary share price. This implies a market capitalization of AED 14.9 billion ($4.05 billion) of...

The decision came a day after ADNOC raised the size of the offering.

Abu Dhabi, UAE --Abu Dhabi National Oil Company (ADNOC) Monday said it has increased by the number of shares offered in the initial public offering (IPO) of ADNOC Logistics and Services by 4 percent on high investor demand across all tranches. ADNOC will now offer 1.40 billion ordinary shares, equivalent...