Analysts say some of the big industry players such as Abu Dhabi’s National carrier Etihad Airways, UAE’s largest online classifieds platform Dubizzle, hospitality firm Five Holdings and IT firm Alpha Data could potentially go public in 2025.
The seven companies that went public in 2024 are Talabat, Lulu Retail, ADNH Catering, NMDC Energy, Alef Education, Spinneys and Parkin. “Talabat and Lulu led the pack in terms of deal size, bringing in $3.7 billion, accounting for about half of the total IPO proceeds raised in 2024. The overall deal value is about the same as last year’s $6 billion. However, eight IPOs were listed in 2023 against seven in 2024. This points towards the continuation of the ongoing IPO season's bullish momentum,” said Vijay Valecha, chief investment officer, Century Financial.
The standout year, however, was 2022, which witnessed 11 IPOs, generating a staggering $13 billion in proceeds — double the total of 2023 and 2024 put together.
They have delivered an impressive 37 per cent average return to date from their respective offer price, said the Century Financial executive.
Denne historien er fra December 27, 2024-utgaven av Khaleej Times.
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Denne historien er fra December 27, 2024-utgaven av Khaleej Times.
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