UAE exchange house Al Ansari raises $210.5 million in IPO | Reuters
UAE-based exchange house Al Ansari Financial Services (IPO-ALAE.DU) said on Monday it has raised 773 million dirhams ($210.5 million) at the high-end of the indicative range in an initial public offering (IPO).
The shares were priced at 1.03 dirhams apiece, Al Ansari said in a statement, adding that about 10% of the company - equivalent to 750 million shares - will list on the Dubai Financial Market on April 6.
Al Ansari Holding will hold the remaining 90%.
The UAE retail offer was oversubscribed by around 44 times, the company said.
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