Reported about 1 month ago
Lulu Retail Holdings Plc's initial public offering in Abu Dhabi, valued at $1.43 billion, sold out within an hour of opening, showcasing high demand that exceeded the available shares. This marks the largest IPO in the UAE for 2024, with the company planning to list 2.58 billion shares, aiming to grow its operations significantly in the Gulf region. Final pricing is set for November 6, while trading is expected to start on November 14.
Source: YAHOO