ADNOC Raises $2.5 Billion From Gas Unit IPO
ADNOC has raised $2.5 billion from the listing of its gas business unit after increasing the size of the offering by 25% due to strong investor interest.
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ADNOC has raised $2.5 billion from the listing of its gas business unit after increasing the size of the offering by 25% due to strong investor interest.
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ADNOC has said that it expects to raise $2 billion from listing its gas business, giving the business a market valuation of up to $50.8 billion
The final offer price is expected to be announced on March 3, while listing and trading are expected to commence on March 13, the company said