Tecom IPO: Dubai company may raise as much as $455m from DFM listing – The National
- Date: 16-Jun-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
Tecom IPO: Dubai company may raise as much as $455m from DFM listing – The National
Dubai's Tecom Group, the operator of business districts that are home to more than 7,800 companies, may raise as much as Dh1.67 billion ($455 million) from its initial public offering on the Dubai Financial Market.
The company set its offering price range between Dh2.46 and Dh2.67 per share, valuing the company between Dh12.3bn and Dh13.4bn, the company said in a statement on Thursday.
Dubai Holding will sell 625 million shares, or 12.5 per cent in Tecom, as part of a series of IPOs of state enterprises aimed at boosting the size of the emirate's capital market.
Select Sector 
Select Country 
