NMDC Energy's IPO, UAE's largest in 2021, was 31.3 times oversubscribed, raising AED 3.22 billion.
NMDC Energy's IPO has been 31.3 times oversubscribed, generating gross demand of AED 88 billion ($23.9 billion) and marking the UAE's largest listing for 2021. The offering includes 1.15 billion shares priced at AED 2.80 each, raising AED 3.22 billion for NMDC Group. The IPO attracted significant investor interest, with retail subscriptions oversubscribed 600 times. NMDC Energy will list on the Abu Dhabi Securities Exchange on September 11, 2024.
September 05, 2024
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