Spinneys 1961 Holding, the retail supermarket operator in the UAE and Oman, has successfully concluded its initial public offering (IPO) on the Dubai Financial Market (DFM).
The final offer price of Spinneys’ shares was AED1.53 per share, at the higher end of the offer price range it announced for the IPO. This resulted in offer proceeds reaching AED1.38 billion ($375.7 million). Market capitalization at listing reached AED5.51 billion ($1.50 billion).
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