Shares of ADNOC Gas, which created history at the Abu Dhabi Securities Exchange (ADX) recently, will be open for trading in the First Market – First Category from Monday, 13 March.
The final offer price, of AED2.37 per share, meant the total offering size of the issue reach $2.5 billion (AED9.1 billion), making it the largest-ever listing on ADX. The previous record was held by another ADNOC Group company, Borouge, which raised close to $2 billion in June 2022.
The price range for the IPO was previously set between AED2.25 to AED2.43 per share, meaning that the offering was priced towards the top end, following significant demand from both local and international investors.
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