IHC Unit Gets $13.1 Billion of Bids in Direct Listing
- Multiply Group attracts 48 billion dirhams in bids for listing
- IHC to also list healthcare group, including Pure Health
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Multiply Group, a subsidiary of Abu Dhabi’s International Holding Company, attracted 48 billion dirhams ($13.1 billion) of bids for its direct share listing, raising 3.1 billion dirhams.
Shares in the tech-focused holding company surged following the listing, closing at 2 dirhams apiece Sunday, 80% higher than the launch price of 1.11 dirhams.