Union Coop taps xCube for market maker services ahead of its Dubai IPO – Arabian Business
- Date: 18-Jul-2022
- Source: Arabian Business
- Sector:Financial Markets
- Country:UAE
Union Coop taps xCube for market maker services ahead of its Dubai IPO – Arabian Business
Supermarket major Union Coop has appointed xCube to provide market maker service on its shares, the company announced, ahead of its planned listing on the Dubai Financial Market.
The market maker service provider will ensure bid and offer prices on the shares, determine volumes required for buying and selling, and find the balance of share price, the company said.
Union Coop, which operates 23 branches, earlier announced its intention to float on the Dubai bourse, which will make it the first consumer cooperative in the UAE to do so.
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