Adnoc Gas IPO Raised to $2.5 Billion on Heavy Demand
- Adnoc will now sell a 5% stake in its gas unit, up from 4%
- The deal’s set to be the biggest IPO globally so far this year
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The United Arab Emirates’ main oil company has increased the size of an initial public offering of its gas business — already set to be the world’s largest so far this year — by a quarter to as much as $2.5 billion.