ADNOC set to raise $607m from logistics unit IPO
ADNOC is offering 1.11 billion shares, equivalent to 15 per cent of the total issued share capital of ADNOC L&S
Source: gulfbusiness.com
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ADNOC is offering 1.11 billion shares, equivalent to 15 per cent of the total issued share capital of ADNOC L&S
Cornerstone investors commit about $180mln
The initial public offering of Adnoc Logistics & Services got enough orders to cover all shares within minutes.
Shares are expected to start trading on June 1
Company may have a market value at listing that is between $4.01 billion and $4.05 billion