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Home News Stock Markets

UAE hospital operator Burjeel shares rise 15.5% after $300 mln IPO

admin by admin
October 10, 2022
in Stock Markets
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DUBAI, Oct 10 (Reuters) – Abu Dhabi-based hospital operator Burjeel Holdings’ (BURJEEL.AD) shares rose 15.5% on their first day of trading on Monday after the company raised 1.1 billion dirhams ($299.49 million) through the stock market listing.

Burjeel’s shares were trading at 2.31 dirhams each at 0905 GMT, up from an IPO price of 2 dirhams a share, the lower end of a 2-2.45 dirhams range indicated on Sept. 30.

The listing is the latest in a…



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