Alef Education's IPO in Abu Dhabi raised $514m, attracting $20bn in orders and being 39 times oversubscribed.
Alef Education's IPO in Abu Dhabi attracted $20 billion in orders, demonstrating strong appetite for listings in the Gulf region. The company, which serves the K-12 sector in the UAE, Indonesia, Morocco, and the US, raised $514 million (AED1.89 billion) after pricing its shares at AED1.35 each. The IPO was 39 times oversubscribed by local, regional, and international investors.
June 06, 2024
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