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Clifford Chance advises on Yahsat s IPO, ADX listing ABU DHABI, 6 hours, 56 minutes ago Leading international law firm Clifford Chance has advised as Banks counsel on Mubadala-owned, Al Yah Satellite Communications Company PJSC (Yahsat) landmark IPO and listing on the Abu Dhabi Securities Exchange (ADX). The banks included First Abu Dhabi Bank PJSC, Merrill Lynch International and Morgan Stanley & Co. International plc (as Joint Global Coordinators) and Abu Dhabi Commercial Bank PJSC, EFG Hermes UAE Limited and HSBC Bank Middle East Limited (as Joint Bookrunners). This is the first IPO listed in the UAE since 2017, and the first ever IPO of a Mubadala subsidiary, representing an important milestone for Abu Dhabi markets and Mubadala. Demand from local and international institutional and retail investors resulted in the IPO being oversubscribed multiple times, further emphasising investor confidence. ....
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