Lulu IPO: Share price set at AED 2.04, raises $1.72B with 25x oversubscription
Abu Dhabi: Lulu Retail announced the resounding success of its IPO, which closed on 5th November 2024. Lulu IPO was 25 times oversubscribed across all tranches, excluding cornerstone investors, generating a demand of more than US$ 37 billion, a record for a Private sector IPO in UAE. The final offer price for Lulu shares was […]