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Dubai Taxi Company shares jumped nearly 19% to 2.20 UAE dirhams ($0.60) at the start of trading in its debut on the Dubai Financial Market on Thursday before sinking to AED 2.14 within the half hour, according to LSEG's data.
The company raised $315 million in the IPO, which sold nearly 25% of its total issued share capital. The offer price per share was AED1.85.
(Writing by Brinda Darasha; editing by Seban Scaria)
