Alef Education Unveils IPO Details, Subscription Period Kicks Off

Alef Education Unveils IPO Details, Subscription Period Kicks Off

Arabian Post -Abu Dhabi-based education technology leader Alef Education announced the price range for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) today. The company also revealed the commencement of the subscription period for potential investors. Alef Education set its offering price range between AED 1. 30 and AED 1. 35 per share. This translates to an expected market capitalization of between AED 9. 10 […]

via Alef Education Unveils IPO Details, Subscription Period Kicks OffArabian Post -

Abu Dhabi-based education technology leader Alef Education announced the price range for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) today. The company also revealed the commencement of the subscription period for potential investors.

Alef Education set its offering price range between AED 1. 30 and AED 1. 35 per share. This translates to an expected market capitalization of between AED 9. 10 billion (US$2. 48 billion) and AED 9. 45 billion (US$2. 57 billion) at the time of listing.

The company will offer 1. 4 billion ordinary shares, representing 20% of its issued share capital. The total offering size is expected to range between AED 1. 82 billion (US$496 million) and AED 1. 89 billion