Alec Holding Seeks to Raise up to $381 Million From Dubai IPO

Alec Holding seeks to raise up to $381 million from Dubai IPO

Price range of Dh1.35 to Dh1.40 per share implies a market capitalisation of as much as Dh7 billion at listing

Dubai: Alec Holdings announces price range for IPO, plans to raise up to Dh1.4 billion

Dubai’s sovereign wealth fund Investment Corporation of Dubai (ICD) is offloading one billion ordinary shares and will retain 80 per cent of Alec’s remaining stake.

UAE's ALEC sets IPO price range as Dubai pushes ahead with landmark listing

IPO subscription runs September 23‑30; company set to debut on DFM on October 15

AlEC Holdings announces offer price range and start of subscription period for its initial public offering

Dubai’s ALEC aims for Dhs7bn valuation in highly anticipated IPO

The entire IPO represents a secondary sale by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai The post Dubai’s ALEC aims for Dhs7bn valuation in highly anticipated IPO appeared first on Gulf Business.

ALEC Holdings Launches IPO On Dubai Financial Market - Construction Business News Middle East

ALEC Holdings has officially announced the price range and opened the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM) ·    Price range has been set at between AED 1.35 and AED 1.40 per share, implying a market capitalisation at listing of between AED 6.75 billion (US$ 1.84 billion)[1] and AED 7 billion (US$ 1.91 billion). ·    IPO subscription for Individual Subscribers (First Tranche), Professional …