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Abu Dhabi, on March 27, the share of “Presite” – Ai Holding plc -, a subsidiary of the “G42” group, consolidated its gains, and its market capitalization amounted to more than 16.4 billion dirhams on the first day of listing and trading on the Abu Dhabi Stock Exchange.
And according to the monitoring of the Emirates News Agency, WAM, the market capitalization of “Presite” rose from 1.822 billion dirhams upon listing to 18.228 billion dirhams at the end of today’s session.
The share price jumped in the first trading session by more than 142.5% to close at 3.25 dirhams at the end of trading, compared to the offering price of 1.34 dirhams. The highest price the stock reached during today’s session was 3.7 dirhams.
Presite attracted today’s trading with a value that exceeded 197.2 million dirhams after trading on 60.4 million shares through the implementation of 4832 transactions.
Presite was listed on the main market of the Abu Dhabi Securities Exchange after the initial public offering of the company’s shares was covered by 136 times in total, with the exception of the main investor in the company represented by the International Holding Company.
The initial public offering, which raised total proceeds of about $496 million (AED 1.822 billion), witnessed exceptional levels of demand from both ordinary and professional investors.
