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FinancialNews
27-05-21
Abu Dhabi to revive initial public offerings
(MENAFN)Abu Dhabi encourages the revitalizing of initial public offerings after a dry spell of nearly four years that confronted the rally in the global stock market.
Bloomberg stated that the Abu Dhabi Securities Exchange (ADX stands out to state-run firms and family-owned companies.
Bloomberg further stated that ADX is giving flexibility on the minimum stake size needed for share sales and promising to decline listing fees.
The inducements were enough to get the bourse’s pipeline humming with deals.
ADX Chairman Mohammed Ali Al Shorafa Al-Hammadi stated that it may witness more than 10 new listings in 2021 that would be the most on record.
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