PureHealth IPO receives staggering demand, gross orders received of AED 265bln

PureHealth IPO receives staggering demand, gross orders received of AED 265bln

- PureHealth Holding PJSC (Public Joint Stock Company under conversion), confirms the final offer price for its shares has been set at AED 3.26, resulting in gross proceeds of approximately AED 3.62 billion following strong demand from local retail and professional investors.

- Total gross demand for the Offering amounted to over AED 265 billion.

- Offering attracted tremendous interest amongst the investor community with the Professional Subscribers Offering oversubscribed by 54 times.

- The Retail demand saw an impressive oversubscription of 483 times.

- Trading on ADX is set to commence on 20th December 2023 with a market capitalization at the time of listing, estimated at AED 36.2 billion.

Abu Dhabi: PureHealth Holding PJSC (Public Joint Stock Company under incorporation; the “Company”), today announces the successful completion of the subscription process for its initial public Offering (“IPO” or the “Offering”) on the First Market of the Abu Dhabi Securities Exchange (“ADX”). The Company confirmed the fixed price for the Offering which has been set at AED 3.26 per ordinary share (the “Final Offer Price”) with an Offering size of 1.11 billion ordinary shares (“Offer Shares”), equivalent to 10 percent of its total issued share capital. The Offering witnessed significant demand from investors within the