Wednesday 20 December 2023

#AbuDhabi's PureHealth shares soar on ADX market debut

Abu Dhabi's PureHealth shares soar on ADX market debut

Shares of PureHealth surged on its debut on the Abu Dhabi Securities Exchange (ADX) on Wednesday, after an IPO that raised 3.62 billion UAE dirhams ($986 million), for 10% of the business.

Shares opened at AED5.50 and surged close to 74% to AED5.70 after the opening.

The largest healthcare platform in the Middle East had set the final price for its initial public offering (IPO) at 3.26 dirhams ($0.89), bringing the total proceeds to AED3.62 billion.

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