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Reddit to make trading debut on NYSE
It comes amid a slowdown in the tech sector IPOs.
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Abu Dhabi bourse records highest trading value in Arab markets: AMF
Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at 292.64 percent while the Palestine Exchange topped the list in terms of trade volume increase, according to Arab Monetary Fund (AMF). The AMF noted in its monthly newsletter that covers... -
ADNOC’s Borouge IPO its largest ever, oversubscribed 42 times
ADNOC and its partner Borealis AG have announced the completion of bookbuild and public subscription for the IPO of Borouge, which is their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The offering of 3,005,769,158 ordinary shares (Offer Shares), equivalent to 10 percent of total issued share capital,... -
Energy, technology and finance lead Gulf IPOs
Energy, utilities and natural resources account for 42% of the total IPO proceeds, TMT 27% and financial services 21%, Odin Financial Advisors MD Omer Unsal tells TRENDS. -
Alpha Dhabi to invest in Borouge IPO
The conglomerate will invest $99 million as corner investor. -
ADNOC and Borealis AG to list 10% of Borouge plc on ADX
ADNOC and Borealis AG will list 10 percent of Borouge plc, a joint venture between the two companies, on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO). The offering is expected to open on 23rd May, 2022, subject to regulatory approvals. -
GCC IPOs raise $4.8bn in 2022, outpacing Europe
May Nasrallah, founder of deNovo, tells TRENDS the new listings on GCC bourses have spawned a new chapter in regional listings, ending years of drought. -
DEWA aims to earn $2bn profit next year, not to sell more stock
DEWA has no intention to sell more stock, after having raised $6.1 billion in a record initial public offering, the CEO of the Dubai Electricity and Water Authority, Saeed Al-Tayerm, told the media. It is also eyeing 7.4 billion dirhams ($2 billion) in 2023 profit, amid a prospective IPO of... -
Two firms set up UAE’s first Special Purpose Acquisition Company
ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm, announced they have established ADC Acquisition Corporation (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC). ADC plans to raise AED367 million through an Initial Public Offering (IPO) of 36.7 million shares at... -
DEWA IPO biggest since Aramco
DEWA shares soared 19% in the first minutes of trading on Tuesday. -
Taaleem of Dubai in discussions with banks for IPO
Taaleem, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai. -
DEWA raises $6.1bn for GCC’s second-largest IPO
The Dubai Electricity and Water Authority said Wednesday it had raised $6.1 billion for the Gulf's second-largest IPO since 2019. Some nine billion shares will be listed from April 12 on the Dubai stock exchange, with the price set at $0.68. -
DEWA to increase shares for retail investors to 760 million
DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors in its Initial Public Offering (IPO). -
Multiply Group to invest AED367m in DEWA IPO
Multiply Group has said that it will be investing AED367 million into the Dubai Electricity and Water Authority's (DEWA's) initial public offering as a cornerstone investor. -
ADH invests $100m in DEWA
Abu Dhabi-based Alpha Dhabi Holding is a subsidiary of the IHC. -
Dubai to list DEWA in the biggest IPO by April
In a first, the state-owned DEWA will be listed on the Dubai Financial Market by April as part of Dubai's drive to list ten companies in an attempt to revive the stock market. -
Emirates NBD launches website to support IPOs on DFM
Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with the launch of an end-to-end IPO subscription website for individual investors. The initiative is aligned to the recent announcement by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler... -
Al-Dawaa starts trading on TASI
The pharmacy chain operator collected $500 million from shares buyers. -
Net foreign investment on Abu Dhabi Exchange the highest ever in 2021
ADX’s market liquidity jumps five-fold in 2021 amid IPO boom, as traded values on the exchange increased 407 percent from AED 145 billion ($39.47 billion) in 2020 to AED 739 billion in 2021, driven by higher levels of domestic and international investment. Local investors accounted for 70 percent of the... -
Al-Dawaa of Saudi Arabia to launch IPO at $17.3 per share
Al-Dawaa, a pharmaceutical retail firm in Saudi Arabia, has set the price range for its initial public offering at SR65 ($17.3) to SR73 per share. -
Marka: From a star UAE retailer to a bankrupt firm
Flouting norms, massive mismanagement and lack of transparency and corporate governance have potential to take any company the Marka Holding way -
Five top crypto trends to watch out for in 2022
In 2021, the total market capitalization for the crypto market increased from around $800bn to $2.2trn. The year also witnessed some of the important developments in the crypto market. -
China Mobile eyes Shanghai IPO
China Mobile is set to raise $7.64 billion in share listing. -
Reddit to go public
Reddit submits draft registration with the USSEC. -
China’s SenseTime postpones Hong Kong IPO after US blacklisting
The US Treasury announced the ban on Friday, saying SenseTime's facial recognition programmes were designed in part to be used against Uyghurs. -
Jahez to raise $428m through IPO
HSBC is the financial advisor of the Saudi online food delivery startup. -
Tadawul shares set to trade, after huge investor interest
After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday, Dec. 8. -
BuzzFeed to go public after raising less money than expected
American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised less money than expected. -
Tips to consider before starting a new business
With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference. -
Dubai and Abu Dhabi to vie for Gulf Capital’s offering
Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022. -
Tadawul looks to raise $1bn from its IPO
Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range per share between SR95 and SR105. -
DFM incentivizes IPOs from companies in key growth sectors
The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and listing on the Second Market, post listing support through participation on DFM’s international roadshows regionally and globally in addition to a three years’ waiver on listing fees, AGM fees and... -
Tadawul of Saudi Arabia to list its IPO on the bourse
Tadawul, the owner of Saudi Arabia's stock exchange, will proceed with its initial public offering (IPO) and list the shares on the bourse. -
Three Saudi companies to offer nine million shares in IPO
Three Saudi private companies will go public, offering around nine million shares in IPOs, according to the Saudi Exchange market (Tadawul). -
Nayifat sets IPO offer price
The IPO kicks off on November 7 and ends on November 8. -
GlobalFoundries makes its market debut on Nasdaq
The IPO comes at a time when demand for semiconductors and microchips is red hot due to the ongoing global shortage that has negatively impacted sectors ranging from automotive manufacturing to consumer electronics, forcing many companies to scale back production and cut targets. -
Fertiglobe completes IPO on Abu Dhabi Securities Exchange
The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders amounting to over $17.4 billion and oversubscription above 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors). -
Abu Dhabi-based fund exceeds target of $50m in second raise
The Chimera Global Fund has surpassed its target of $50 million in its second raise, as it aims to deploy investments to a dozen companies in Series A and pre-IPO stages. -
Volvo Cars sets IPO price
The price is at the bottom end of the range that Volvo announced last week -
Jack Ma’s Europe trip sends Alibaba shares soaring
Jack Ma’s Ma's presence in Spain was reported by the South China Morning Post, which is owned by Alibaba. The paper said the 57-year-old, who retired from the role of Alibaba's chairman in 2019, was attending a series of business meetings in Europe. -
Fertiglobe IPO set for $6bn valuation as subscription ends
Fertiglobe, the fertilizer firm, is all set to earn a $6 billion valuation as 114.6 million shares were allocated on the Abu Dhabi stock market. -
Fertiglobe IPO may raise $827m
The IPO starts Wednesday and will continue to October 18. -
Fertiglobe plans IPO in Abu Dhabi
Fertiglobe is a fertilizer partnership of Adnoc and OCI. -
Outdoor ad firm Al Arabiya announces IPO
The company expects to sell 30 percent of its shares in the offering. -
ADNOC Drilling starts trading on ADX
It will start trading under the symbol ADNOCDRILL. -
East Pipes Integrated plans IPO
The Saudi Arabia-based company gets approval to float 6.3 million shares. -
ACWA Power final IPO price nearly $15 per share, targets raising $1bn
The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion. -
ADNOC Drilling IPO raises $1.1bn
The UAE's state oil giant will be listed on ADX on October 3. -
Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3. -
Saudi developer taps BMG for $266m IPO on Nomu
Bunyan United Company, the Saudi Arabia-based real estate firm, has tapped BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange. -
Solutions by STC prices IPO at top range
The IPO order book 130 times oversubscribed during the book-building process.