According to a senior official on Wednesday, the Dubai stock market has “capacity for more IPOs,” but only from reputable firms, since it has turned down six to ten in recent years.
When it comes to introducing infrastructure-related assets into the market, we’ve had great success. Modern businesses will contribute significantly to Dubai’s GDP as we move forward. For investors to price that inside the GDP, they must be in the market. We require a business that shows promise for expansion. During a fireside talk at the Capital Market Summit, Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, stated, “We need a company that brings this new Dubai element and creates a template for others.
In 2024, the Dubai Financial Market had three initial public offerings (IPOS) raise Dh10.48 billion, including Dh7.5 billion for Talabat, the most significant technology IPO globally. The IPOs of Parkin, Spinney, and Talabat all saw significant oversubscription. An incredible 165-fold oversubscription occurred during Parkin’s Dh1.57 billion IPO, the largest in DFM history. This indicates that the market actively seeks chances and has a lot of liquidity.
When it comes to IPOs, we will maintain the momentum,” he stated, adding that local bourses have the technology to shorten the time and expense of market listing. It makes sense for us to provide local firms with a platform to enter the market because Dubai has a large population and a concentration of enterprises.
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