"Alpha Data" The price range of its shares is determined and announces the start of the subscription period
Abu Dhabi February 20/ WAM/ Alpha Data, operating in providing solutions and services for digital transformation and regulations integration in the UAE today, announced the determination of the price range of its shares and the start of the subscription period for the initial general offering in the Abu Dhabi Securities Market.
According to a press release issued today, the price range was determined between 1.45 and 1.50 dirhams per share, which means that the company’s market value when inserting will range between 1.45 billion dirhams “, or about 395 million dollars” and 1.50 billion dirhams “, or about 408 Millions of US dollars. “
The company offers 400 million ordinary shares with a nominal value of 0.03 dirhams for each share, which represents 40% of the company’s headquarters for public subscription.
5% of the total offering of individual investors in the UAE and 95% of the total offering to professional investors are allocated.
The subscription period begins today, Thursday, February 20, 2025, and ends on Tuesday, February 25, 2025 for individual investors in the UAE and professional investors.
The price of the offering will be determined through the process of building the order record during the subscription period, and the final price is expected to be announced on Wednesday, February 26, 2025.
According to the company’s statement, the shares are expected to be accepted for trading in the Abu Dhabi Securities Market in or around 11 March 2025.
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