Spinneys’ IPO raises Dh1.38 billion

on Wednesday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on Dubai Financial Market (DFM). Spinneys confirmed that the …

Spinneys’ IPO attracts $19bn of demand

The strong demand from investors enabled Spinneys to price its IPO at Dh1.53 a share, the top of the initial price range, which values the company at Dh5.51bn ($1.5bn). The final deal size will be Dh1 …