Massar’s Abu Dhabi public offering likely to be put on hold | The National

Massar’s Abu Dhabi public offering likely to be put on hold | The National:



"The planned initial public offering of Massar Solutions is likely to be put on hold after a disappointing take-up of shares against the backdrop of volatility in regional capital markets and falling oil prices.



The subscription period for the offering closed a week ago, and allotments were due to be decided this weekend ahead of a listing on Abu Dhabi Securities Exchange later this month.



But an advisory source familiar with the situation has revealed that significantly less than half of the shares in the Dh576 million IPO were taken up by the Emirati retail and institutional investors for whom they were reserved."



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