PHOTO
An investor looks up at electronic boards displaying stock information at the ADX Abu Dhabi Securities Exchange stock market. Image used for illustrative purpose.
Shares of PureHealth surged on its debut on the Abu Dhabi Securities Exchange (ADX) on Wednesday, after an IPO that raised 3.62 billion UAE dirhams ($986 million), for 10% of the business.
Shares opened at AED5.50 and surged close to 74% to AED5.70 after the opening.
The largest healthcare platform in the Middle East had set the final price for its initial public offering (IPO) at 3.26 dirhams ($0.89), bringing the total proceeds to AED3.62 billion.
(Writing by Seban Scaria; editing by Daniel Luiz)
(seban.scaira@lseg.com)
