Abu Dhabi’s Borouge sees $80 billion demand for IPO, sources say – Arabian Business
- Date: 31-May-2022
- Source: Arabian Business
- Sector:Financial Markets
- Country:UAE
Abu Dhabi’s Borouge sees $80 billion demand for IPO, sources say – Arabian Business
The initial public offering (IPO) of Abu Dhabi-based petrochemicals firm Borouge has attracted $80 billion in demand, Reuters reported Tuesday.
Borouge is jointly owned by Abu Dhabi National Oil Company (ADNOC) and Borealis AG, and has attracted orders of $63 billion from institutional investors, the sources said, Reuters reported.
The firm will list on the Abu Dhabi Securities Exchange on Friday.
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