The new accounts were distributed over the months of the year, with a notable YoY spike of 151.5 percent in March 2023.
Parkin record-breaking IPO raises $428m
The offer was oversubscribed 165 times for all tranches combined.
Parkin to give more shares to retail investors in its IPO
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...Parkin IPO price AED2-2.1
The price range implies a market capitalization of $1.63bn-$1.72bn.
UAE creates ‘Parkin’ to oversee parking space operations in Dubai
Dubai, UAE - The UAE has issued a law establishing ‘Parkin’, a public joint stock company (PJSC) that will oversee operations related to parking spaces in Dubai. The newly established company will have financial, administrative and legal autonomy to fulfil its responsibilities, WAM reported. Also, the company's duration is set...
