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Alef Education raises $515 million in oversubscribed IPO
The deal priced shares at 1.35 dirhams each, implying a market capitalization of $2.6 billion
The Abu Dhabi Securities Exchange's ADX logo is seen on a smartphone. (Photo: Getty Images)
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Alef Education delivered a promising IPO, the first of the year for Abu Dhabi’s ADX, pricing the education technology platform at the top of the range and drawing $20 billion in orders.
The offering was 39 times oversubscribed...