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Wednesday, Dec 07, 2022

UAE healthcare provider Burjeel's IPO 29 times oversubscribed, final price set at $0.54

UAE healthcare provider Burjeel's IPO 29 times oversubscribed, final price set at $0.54

The UAE-based private healthcare provider Burjeel Holdings set its final offering price at 2 dirhams ($0.54) per share following the completion of its bookbuild and public subscription.
The offering was oversubscribed multiple times as the total gross demand amounted to over 32 billion dirhams, implying a 29-fold oversubscription, the company reported.
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