Alec Holdings PJSC prices its IPO at the top end of the price range

ALEC Holdings prices $381m Dubai IPO at top of range, raises Dhs1.4bn

Shares are expected to begin trading on the Dubai Financial Market (DFM) on or around October 15 under the symbol “ALEC” The post ALEC Holdings prices $381m Dubai IPO at top of range, raises Dhs1.4bn appeared first on Gulf Business.

Alec IPO orders hit $8bn on global investor demand

Offering oversubscribed 21 times Final offer price at top of range Dubai builder’s market cap AED7 billion Dubai contractor Alec Holdings said its initial public offering (IPO) was oversubscribed 21 times across all tranches, with demand reaching AED30 billion ($8.1 billion). Demand stemmed primarily from investors across the UAE, countries in the wider Gulf Cooperation Council, and international markets, the company said in a statement. The fin…

ALEC Holdings Finalizes IPO At AED 1.40 Per Share - Construction Business News Middle East

ALEC Holdings has successfully completed the book building and subscription process for its initial public offering (IPO), pricing its shares at AED 1.40, the top of the indicated price range    ·    The final offer price for the initial public offering (“IPO”) of 1,000,000,000 (one billion) ordinary shares of ALEC Holdings PJSC has been set at AED 1.40 per share, which is the top end of the previously announced price range. ·    The total size …

Alec Holdings PJSC prices its IPO at the top end of the price range

Raising AED 1.4bln in the offering more than 21 times oversubscribed