UAE IT Services Firm Alpha Data Lines Up Abu Dhabi IPO
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United Arab Emirates-based Alpha Data announced plans for an initial public offering, as listings across the Middle East gather pace.
The IT services company will sell a 40% stake, or up to 400 million shares, in Abu Dhabi, according to the terms of the deal seen by Bloomberg. The subscription period will start from Feb. 20 and the firm is expected to be listed around March 11.