Abu Dhabi Securities Exchange (ADX) announced a 2,700 percent increase in demand for the issuance of Investor Numbers (IN) between November 26-28, post the initial public offering by Adnoc for Distribution.
Initial Public Offering (IPO) enquiries addressed to ADX’s Services Centre have also increased by 500 per cent, while the number of visits to ADX’s website grew by 60 per cent.
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“ADX supports ADNOC Distribution’s IPO. This step will strengthen trading activities and stimulate further IPO proposals in the future,” Rashed Al Beloushi, Chief Executive of Abu Dhabi Securities Exchange (ADX).
Al Beloushi stressed ADX’s ongoing commitment to develop all of its electronic and digital channels to facilitate investor access to its services, especially as 25 per cent of the participation in the IPO is coming through digital channels.
