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Abu Dhabi's Borouge IPO Opens at Dh2.45/share, Biggest IPO to Date
May 23rd, 2022 - 08:06 GMT

Abu Dhabi's Borouge IPO Opens at Dh2.45/share, Biggest IPO to Date

UAE's Abu Dhabi National Oil Co. (Adnoc) and Austria’s chemical producer Borealis AG have set an offer price of Dh2.45 ($0.67) per share for its petrochemicals joint venture Borouge's IPO, set to be the biggest ever listing in the country's capital. The UAE's biggest oil company and Vienna-based Borealis AG are selling 3 billion shares in Borouge, which is equivalent to 10% of the firm. According to the specialty plastics ...
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