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Wednesday, October 1, 2025
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HomeTechUAE's Alpha Data plans to raise up to $163 million in IPO

UAE’s Alpha Data plans to raise up to $163 million in IPO

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(Reuters) – UAE technology services firm Alpha Data said on Thursday it plans to raise up to $163 million in its initial public offering.

The company plans to list 400 million shares on the Abu Dhabi Securities Exchange (ADX) between a price range of 1.45 dirhams and 1.50 dirhams per share. The price range implies a market capitalization of up to $408 million, the firm added.

(Reporting by Abinaya Vijayaraghavan; Editing by Kim Coghill)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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