Fertiglobe declares price range for IPO; Cites valuation between $5.5-6bn

Fertiglobe declares price range for IPO; Cites valuation between $5.5-6bn

Fertiglobe, Abu Dhabi’s leading nitrogen fertilizer producer and distributer, has announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).

The price range for the Offering has been set at $0.67 to $0.72 per share, implying an equity value of $5.5 billion to $6 billion. The final offer price is expected to be announced on 20th October 2021. Admission of the shares to trading on the ADX is expected on 27th October 2021.

The shareholders expect to sell 1,145,582,011 shares, or 13.8 percent of the Company’s issued share capital, with the selling shareholders reserving the right to change the terms of the Offering at any time before the subscription period ends, subject to applicable laws and the SCA’s approval. If all of the shares offered are sold, the offering’s size will range from $765 million to $827 million.

Fertiglobe has signed cornerstone investment agreements with three funds including US-based Inclusive Capital Partners, Abu Dhabi Pension Fund and GIC Private Limited, Singapore’s Sovereign Wealth Fund which will become key investors in the IPO with a combined investment of approximately $231 million.

Dr. Sultan Al JaberChairman – FertiglobeUAE Minister of