Got Schooled
Alef Education shares slump in first day of trading on ADX
Shares in the edtech platform closed 13% lower than the offer price of 1.35 dirhams despite strong demand for the stock when the IPO was rolled out
The Abu Dhabi Securities Exchange's ADX logo is seen on a smartphone. (Photo: Getty Images)
Share
Abu Dhabi edtech platform Alef Education struggled on its first day of trading on the ADX, in a rare down day for an IPO on a Gulf exchange.
The shares closed 13% lower than the offer price of...