IPO, Lulu and Abu Dhabi

Grocer Lulu’s $1.43 Billion Abu Dhabi IPO Sells Out in an Hour
Lulu Retail Holdings Plc had demand for all shares in its 5.27 billion dirhams ($1.43 billion) initial public offering an hour after books opened on the deal.Demand for the listing exceeded the number of shares on offer,
Lulu Retail IPO Achieves Full Subscription within an Hour, Gears Up for Abu Dhabi Market Debut on November 14
Know how Lulu Retail’s fully subscribed IPO signals strong investor confidence ahead of its November 14 listing on the Abu Dhabi Exchange, paving the way for regional retail expansion
Lulu Retail IPO Opens Today on ADX with Shares Offered at AED 1.94 - AED 2.04
Lulu Retail Holdings PLC, the UAE’s leading pan-GCC retailer, has officially opened the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The offering’s price range has been set between AED 1.
UAE: Lulu Retail sets IPO price range as subscription opens
The minimum application size for first tranche subscribers is Dh5,000 with any additional application to be made in increments of Dh1,000
LuLu Retail IPO covered in 10 minutes
The Abu Dhabi Pension Fund, Bahrain's sovereign wealth fund, Emirates International Investment and the Oman Investment Authority have promised to buy shares, with more long-only accounts in the book a
Gulf grocer Lulu seeks up to US$1.43bil in IPO
Lulu Retail Holdings Plc is looking to raise as much as 5.27bil dirhams (US$1.43bil) from its initial public offering (IPO), in what’s set to be the United Arab Emirates’ (UAE) biggest listing of the year.
Lulu Retail seeks to raise up to $1.43 bln in biggest UAE IPO this year
Lulu Retail Holdings aims to raise up to 5.27 billion dirhams ($1.43 billion) in the UAE's largest IPO this year, offering a 25% stake through 2.582 billion shares at 1.94-2.04 dirhams each. The listing on the Abu Dhabi Securities Exchange is projected for Nov.
UAE retail giant Lulu sets IPO price range
UAE retail giant Lulu has will raise between 5.01 billion and 5.27 billion UAE dirhams ($1.36 billion-$1.43 billion) from its IPO on the Abu Dhabi Securities Exchange (ADX). The company has set the offer price range between AED 1.94 and AED 2.04 per share, with an estimated market capitalization of between AED 20.04 billion and AED 21.07 billion.
Lulu Retail seeks to raise up to $1.43 billion in biggest UAE IPO this year
Lulu Retail Holdings, which runs one of the Middle East's biggest hypermarket chains, is seeking to raise as much as 5.27 billion dirhams ($1.43 billion) in what is set to be the UAE's biggest initial public offering so far this year.
Lulu IPO: Retailer aims to raise up to $1.43bn from Abu Dhabi listing
UAE retail major Lulu Group is aiming to raise up to Dh5.27 billion ($1.43 billion) from its initial public offering in Abu Dhabi, which would make it the largest listing in the UAE so far this year,
Arabian Business16h
LuLu IPO: How to invest in UAE’s latest blockbuster public listing
Based on the price range, Lulu Retail's market capitalisation could reach between AED 20.04 billion and AED 21.07 billion ...
ndtvprofit14h
LuLu IPO: Who Is Yusuff Ali? Indian Billionaire Behind UAE's Famous Hypermarket
Yusuff Ali established the first LuLu Hypermarket in Abu Dhabi in 1990, marking the start of LuLu Group’s journey.
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Yusuff Ali-led Lulu Group's UAE IPO fully subscribed in 1 hour; details inside
T he initial public offering (IPO) of Lulu Retail Holdings was fully subscribed within an hour of opening on Monday. The ...
Trade Arabia19h
Lulu IPO size put at up to $1.43bn; subscription opens
Lulu Retail Holdings (Lulu), together with its subsidiaries, today announced the price range for the sale of its shares and ...