$12 Billion #UAE IPO Rush: Fertiglobe Tops in Returns, DEWA Lags - Bloomberg

$12 Billion UAE IPO Rush: Fertiglobe Tops in Returns, DEWA Lags - Bloomberg

Another week, another IPO in Dubai and Abu Dhabi. State-owned Dubai Holding on Wednesday announced plans to sell shares in business park operator Tecom Group starting June 16.

Here are Abu Dhabi and Dubai IPOs in the past 12 months, which raised a combined $11.9 billion, and how the shares performed since their listing.

Fertiglobe in Abu Dhabi gave investors the highest return, while Al Yah Satellite went below its IPO price. Dubai Electricity & Water Authority, which surged 20% on its trading debut, trimmed the gains and is up 2.8% since its listing in April.