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Abu Dhabi, March 24 / The share of “ADNOC Gas” consolidated its gains over two weeks of listing on the Abu Dhabi Securities Market, gaining a market capitalization of more than 48.3 billion dirhams.
The market capitalization of “ADNOC Gas” shares rose from 181.9 billion dirhams upon listing to more than 230.2 billion dirhams by the end of today’s session.
The share price increased by 26.6% since the listing, to close at 3 dirhams at the end of trading today, compared to the offer price of 2.37 dirhams, with gains equivalent to 0.63 dirhams.
Over the course of two weeks, the share of “ADNOC Gas” attracted more than 1.6 billion dirhams of liquidity, after trading on 563.9 million shares, through the implementation of more than 24.1 thousand transactions.
And ADNOC Gas shares were listed early last week on the Abu Dhabi market, in the largest initial public offering ever in the market and the largest initial public offering in the world so far this year, after collecting total proceeds of 9.1 billion dirhams.
The ADNOC Gas IPO achieved the strongest ever demand for an IPO in the UAE, with total demand across all tranches reaching more than 450 billion dirhams, exceeding the target value by nearly 50 times.
