DIP Holding Sets Final IPO Price at 1.12 UAE Dirhams
1 report, 1 independent
Updated Wed 00:00
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What happened
DIP Holding, a subsidiary of Dubai Investments, set its final Initial Public Offering price at 1.12 UAE dirhams per share, which equates to $0.30. This price is slightly below the highest offer in the marketed range of AED 1.10 to AED 1.15 per share. The IPO aims to raise $529 million.
From zawya.com
Why it matters
The final offer price implies that DIP Holding will offer a dividend yield of approximately 7.5%. This capital raise is a significant event for the company and its investors.
From zawya.com
Who's involved
- AEDAED is a company that is structurally linked to NASDAQ Dubai via financial instruments.
- NASDAQ DubaiNASDAQ Dubai is the exchange where AED-denominated financial instruments are formally listed.
- Singapore Civil Defence ForceSingapore Civil Defence Force actively collaborates with AED on public health initiatives.
- PulsePointPulsePoint is used by AED to manage the registry detailing AED's operational locations.
- Patrick TanPatrick Tan actively assisted AED in expanding its training programs and services.
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The entities involved
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AED
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