A key trend emerging in both markets is the increasing appetite for technology and digital-first businesses
initial public offerings
Latest in initial public offerings
Delivery Hero
Talabat increases IPO offering amid strong investor demand
The IPO’s total offering size has been increased to 4,657,648,125 shares, up from the previously announced 3,493,236,093 shares
Abu Dhabi
Abu Dhabi’s Alef Education included in MSCI UAE Small Cap Index
Inclusion comes within six months of its successful IPO and its subsequent listing on the ADX on 12th June
Delivery Hero
Delivery Hero’s Talabat IPO set to raise $1.5bn ahead of Dubai listing
Talabat’s IPO is expected to be one of the biggest in the UAE this year
Delivery Hero
Talabat set to deliver 15% of its stake to the public on DFM
UAE delivery platform has been the star performer of parent company Delivery Hero; Subscription period to open on 19 November
Abu Dhabi
New UAE laws; Petrol price increase; Dubai’s ‘viral chocolate’; Visa amnesty extended; Tax rules updated – 10 things you missed this week
UAE visa amnesty, new laws announced, petrol prices increased, Dubai real estate strategy and more of the top news stories this week
Abu Dhabi
LuLu IPO: How to invest in UAE’s latest blockbuster public listing
Based on the price range, Lulu Retail’s market capitalisation could reach between AED 20.04 billion and AED 21.07 billion
Abu Dhabi Securities Exchange
Dubai real estate supply; Emirates named ‘World’s Best Airline’; $100m startup boost; Best Arab universities; Saudi expat job skill tests – 10 things you missed this week
Dubai real estate supply, ‘World’s Best Airline’, $100m startup boost, Saudi expat job skills and more of the top news stories this week
automobile industry
India’s largest IPO disappoints on listing; fails to give gains on opening day
Hyundai Motor India shares listed on bourses on Tuesday at a 1.5% discount to their issue price of INR 1,960
Abu Dhabi Securities Exchange
Lulu Retail to offer 25% stake in IPO scheduled for 28 October
2.582 billion shares being offered; Price range to disclosed on 28 October; Shares expected to list at ADX on 14 November
automobile industry
Hyundai hopes to raise $3.3bn in India’s biggest-ever IPO
South Korean automaker offering 17.5% stake in its India unit, making it the second biggest IPO this year worldwide
banking services
Egypt Central Bank to list United Bank stake on stock exchange by Q1 2025
Completion of the Offering is expected to take place before the end of the first quarter of 2025
Financial Market
MENA region poised for $50bn market boom despite US recession fears, market volatility
Over 60 Rhinos and classified ventures are expected to hit the market within the next 3 to 5 years, experts reveal
capital market investors
UAE investors show strong interest in future IPOs, survey finds
The UAE Investor Pulse Survey 2024 provides insights into investor sentiment regarding the country’s capital markets
Capital Markets
Revealed: Surge in MENA IPOs fuel VC funding in capital market infrastructure startups
Dubai-based Nuwa Capital has already invested in a couple of early stage ventures operating in Saudi capital market and is scouting for similar opportunities in the UAE
Abu Dhabi
Abu Dhabi’s Alef Education rings ADX bell after $20bn IPO order book shatters demand
Shares of the AI-powered learning solutions provider began trading today under the symbol “AlefEdT,” marking the ADX’s first IPO of 2024
Abu Dhabi
UAE’s Alef Education completes IPO bookbuild, raises $514mn
This gives Alef Education a market capitalisation of AED9.45 billion ($2.57 billion approximately) and offer proceeds of AED1.89 billion ($514 million approximately)