Trading follows the conclusion of ADC’s public subscription to retail and professional investors, which started on 12 May 2022 and raised a total of AED 367 million through an IPO of 36.7 million shares
ADC Acquisition Corporation PJSC
Latest in ADC Acquisition Corporation PJSC
Abu Dhabi
UAE’s first special purpose acquisition company to open IPO subscription period on 12 May
The company aims to raise $99 million (AED 367 million) through its IPO listing. ADC will float 36.7 million shares on ADX with an offer price of AED 10 per share.
Abu Dhabi
Abu Dhabi’s ADQ, Chimera Investments set up ADC as UAE’s first special purpose acquisition company
ADC Acquisition Corporation plans to raise $99.9 million through an initial public offering of 36.7 million shares on the ADX at an offer price of AED 10 per share