Top Grocer Lulu Boosts Size of Abu Dhabi IPO

Indian Billionaire Yusuff Ali’s Lulu Retail IPO Priced At Top End, Attracts $37 Billion Of Orders
Lulu Retail Holdings—a Middle East hypermarket chain founded by Indian billionaire M.A. Yusuff Ali—has priced its IPO at the top end of the price range, raising $1.7 billion in the United Arab Emirates’ biggest listing this year.
Lulu’s Abu Dhabi IPO Set to Price at Top, Raising $1.43 Billion
Lulu Retail Holdings Plc’s Abu Dhabi initial public offering is likely to price at the top end of a planned range and raise $1.43 billion, making it the United Arab Emirates’ biggest listing of the year.
Top Grocer Lulu Boosts Size of Abu Dhabi IPO to $1.72 Billion
Lulu Retail Holdings Plc increased the number of shares on offer in its Abu Dhabi initial public offering, and now targets raising as much as $1.72 billion in the United Arab Emirates’ biggest listing of the year.
Lulu IPO: Retailer raises $1.72bn in UAE’s largest listing this year
UAE retail major Lulu Group has raised Dh6.32 billion ($1.72 billion) through its initial public offering, making it the country's largest listing so far this year. The hypermarkets chain operator priced its shares at the top of the indicated range amid strong investor demand for listings in the region.
Lulu Retail Holdings PLC IPO successfully prices at the top of the range
Lulu Retail confirms the Final Offer Price for its ordinary shares (the “Shares”, each a “Share”) has been set at AED 2.04 per Share, pricing at the top of the previously announced Offer Price Range and implying a market capitalization of the Group at listing of AED 21.07 billion (c. $5.74 billion).
Lulu Retail Holdings expects to raise $1.43 billion from its Abu Dhabi IPO
Lulu International Holdings plans to sell a 25 per cent stake or 2.58 billion shares in Lulu Retail Holdings public issue. The company expects to raise $1.43 billion from the listing, reported Bloomberg on Monday.
Khaleej Times on MSN1d
UAE: Lulu IPO oversubscribed 25 times; shares priced at Dh2.04
The offering raised gross proceeds of Dh6.32 billion, making it the largest UAE IPO of 2024 to date. Stay up to date with ...
onmanorama23h
LuLu Retail creates record, IPO generates demand exceeding $37 billion
LuLu Retail, owned by business tycoon M A Yusuff Ali's LuLu Group, has created a record demand for a private entity's IPO.
rediff.com9h
Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year
Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches ...
Arabian Business2d
Lulu IPO raises $1.72bn largest share offering of the year
Image: Shutterstock Lulu Retail Holdings’ initial public offering (IPO) has raised gross proceeds of AED6.32bn ($1.72bn), ...
Emirates2471d
Lulu's IPO raises AED6.32 billion, share price set at AED2.04
Lulu Retail Holdings PLC today announced the successful completion of the bookbuild and public subscription process for its ...
Gulfbusiness.com on MSN18h
Lulu Retail’s $1.72bn Abu Dhabi IPO attracts bids worth Dhs135bn
Lulu Retail Holdings said on Wednesday that it has attracted $36.8bn (Dhs135bn) in orders for its $1.72bn initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), as investors ...
Gulf Business on MSN2d
Lulu Retail boosts IPO size to 30% on strong demand
Lulu Retail, one of the largest supermarket chains in the Gulf, has increased the size of its initial public offering ...
onmanorama2d
Lulu listing at ADX on November 14; bumper gains expected
The deadline to subscribe for the company’s IPO ends on November 5 and the final price will be announced on November 6..Lulu ...