Bayanat shares surge on ADX trading debut – The National
- Date: 01-Nov-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
Bayanat shares surge on ADX trading debut – The National
The shares of Bayanat AI, a geospatial data products and services provider owned by Abu Dhabi-based artificial intelligence and cloud computing company G42, quadrupled above its listing price on Monday as the company made its debut on the Abu Dhabi Securities Exchange.
The shares, which began trading under the ticker symbol “BAYANAT”, rose 309 per cent to an intraday high of Dh4.50 ($1.22).
They settled 272 per cent above the listing price at Dh4.10 at the close of trading. The price of the offering was set at Dh1.10 per ordinary share.
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