Fertiglobe Surges 20% in Abu Dhabi Debut After $795 Million IPO

Adnoc and Amsterdam-based OCI sold 14% of fertilizer company
U.S. investor Jeff Ubben and Singapore’s GIC backed the deal

Mideast Fertilizer Firm Fertiglobe Raises $800 Million in IPO Backed by Singapore — Photographer: Andrey Rudakov/Bloomberg

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By Farah Elbahrawy

October 27, 2021 at 6:01 AM UTC

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Fertiglobe Holdings, the fertilizer maker backed by U.S. hedge fund investor Jeff Ubben and a Singapore wealth fund, jumped 20% on its trading debut following a $795 million initial public offering.