Abu Dhabi's Multiply Group puts $50m into blockbuster Borouge IPO, opening May 23
Multiply was also one of the key investors in DEWA, with $100m
Source: gulfnews.com
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Offer price for Abu Dhabi's largest ever listing set at Dhs2.45 per share
The IPO subscription period has commenced today, May 23, and will close to retail investors on May 28, 2022.
Source: gulfbusiness.com
Borouge IPO price set; biggest to list on ADX
Abu Dhabi National Oil Company (Adnoc), together with its partner Borealis AG, today set an offer price of AED2.45 ($0.66) per share for the IPO of Borouge, their petrochemicals JV, making it the largest IPO to list on Abu Dhabi Securities Exchange.
Source: tradearabia.com
Multiply Group posts Dh334.9 million profit for Q1
Multiply Group reports robust start to 2022 as first quarter results reveal strong revenue and investment income
Source: khaleejtimes.com
After mega-IPO, DEWA's stock breaks 20% within 1 minute on first day of trading
Dewa IPO opens at Dh3.10, a 25% premium to listing price of Dh.2.48
Source: gulfnews.com