UAE’s first Spac begins trading on ADX – The National
- Date: 27-May-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
UAE’s first Spac begins trading on ADX – The National
ADC Acquisition Corporation, the UAE’s first special purpose acquisition company (Spac) that seeks to acquire fast-growing technology companies, began trading on the Abu Dhabi Securities Exchange on Friday.
The Spac, which was set up by Abu Dhabi-based holding company ADQ and private investment firm Chimera Investments, raised Dh367 million ($99.9m) through an initial public offering of 36.7 million shares at an offer price of Dh10 a share.
ADC shares were trading at Dh10.80 at 1.30pm on Friday.
Select Sector 
Select Country 
