Dubai Investments, a diversified company listed on the Dubai Financial Market, is preparing to sell stakes in four of its subsidiaries through initial public offerings (IPOs), as stated by Khalid Bin Kalban, the company’s vice chairman and CEO. He announced the intention to launch one IPO each year, following thorough internal and external evaluations of...
The Investment Corporation of Dubai (ICD), the main investment arm of the emirate’s government, is exploring the possibility of entering capital markets with a series of initial public offerings within the next year, as suggested by analysts. ICD, established in 2006, boasts a valuation of approximately $340 billion and already has Emirates NBD, the largest...
Cerebras Systems Inc. has announced that it has resolved “all open issues” with the Committee on Foreign Investment in the US (CFIUS), marking a significant step forward for the chip startup as it prepares for its initial public offering (IPO). This development is particularly crucial as Cerebras aims to solidify its position in the competitive...
Abu Dhabi’s Masdar, also known as the Abu Dhabi Future Energy Company, is contemplating an initial public offering (IPO) in 2026. This move is seen as a significant step towards promoting cleaner energy sources not only in the Gulf, the world’s largest oil-producing region, but also in Europe. The proposed IPO aims to finance Masdar’s...
Iqoniko LLC FZ is a capital management consulting and advisory firm that is actively shaping financial strategies for institutions. The company is recognized for its leadership in capital raising for both private and public entities. Iqoniko focuses on the German-speaking investor markets, particularly in cities like Frankfurt, Düsseldorf, and Vienna, as interest from the DACH...
Dubai-based robotics manufacturer Micropolis Holding has successfully raised $15.5 million from its recent initial public offering (IPO) on the New York Stock Exchange (NYSE) American. The company specializes in developing autonomous mobile robots and offered approximately 3.9 million ordinary shares priced at $4 each, which is at the lower end of the expected range. Following...
EFG Hermes, a company under EFG Holding and recognized as the leading investment bank in the Middle East and North Africa (MENA), announced that its investment banking division has successfully completed its advisory role for the $163 million initial public offering (IPO) of Alpha Data. This company is one of the prominent digital transformation providers...
The Abu Dhabi Securities Exchange, which is the second-largest exchange in the Middle East, has officially welcomed the listing of Alpha Data, a digital transformation provider and systems integrator in the UAE. This marks a significant milestone as it is the UAE’s first initial public offering (IPO) of 2025 and the Exchange’s second offering this...
Future Vision for Health Training, a Saudi healthcare education firm, is preparing to launch an initial public offering (IPO) with plans to float two million shares. This IPO will represent 20% of the company’s total share capital and is scheduled to take place on Saudi Arabia’s Parallel Market, NOMU. The share sale is set to...
Arabian Construction Co. (ACC), based in Abu Dhabi, is contemplating an initial public offering (IPO) in the United Arab Emirates to take advantage of the country’s flourishing property market. The firm has reached out to banks to propose their roles in this potential share sale, which could generate several hundred million dollars, although no final...