Fertiglobe shares jump 20% at start of trading on ADX – The National
- Date: 27-Oct-2021
- Source: The National
- Sector:Financial Markets
- Country:UAE
Fertiglobe shares jump 20% at start of trading on ADX – The National
Fertiglobe, the joint venture between Adnoc and Netherlands-listed OCI, jumped as much as 20 per cent on its first day of trading on the Abu Dhabi Securities Exchange on Wednesday.
The company's shares jumped to as high as 3.06 at the start of trading, above their earmarked Dh2.55, giving Fertiglobe a market value of $6.9bn.
Fertiglobe, the world’s largest seaborne exporter of urea and ammonia, raised $795 million in its initial public offering and is the third-largest listing on the ADX.
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