PureHealth IPO Receives Staggering Demand, Gross Orders Received of AED 265 Billion

PureHealth France United Kingdom England United States of America United Arab Emirates

PureHealth Holding PJSC (Public Joint Stock Company under conversion), confirms the final offer price for its shares has been set at AED 3.26, resulting in gross proceeds of approximately AED 3.62 billion following strong demand from local retail and professional investors.Total gross demand for the Offering amounted to over AED 265 billion.Offering attracted tremendous interest amongst the investor community with the Professional Subscribers Offering oversubscribed by 54 times. The Retail demand saw an impressive oversubscription of 483 times. Trading on ADX is set to commence on 20th December 2023 with a market capitalization at the time of listing, estimated at AED 36.2 billion.View original content:https://www.prnewswire.co.uk/news-releases/purehealth-ipo-receives-staggering-demand-gross-orders-received-of-aed-265-billion-302012418.html