Alpha Data Plans IPO, First of 2025 in Abu Dhabi
Alpha Data, a leading technology company in the UAE, is preparing to go public. The company will launch its initial public offering (IPO), making it Abu Dhabi’s first IPO of 2025. Alpha Data plans to raise up to $163.2 million by selling 400 million shares. This represents 40% of the company’s total shares.The price per share will range from AED 1.45 to AED 1.50. As a result, Alpha Data’s market value is expected to reach approximately $408 million when listed.
Attractive Dividend for Investors
Investors in Alpha Data’s IPO can expect significant returns. The company will distribute a total dividend of AED 130 million in 2025. Based on the offer price, this results in an impressive dividend yield of 8.7% to 9%. This high return highlights Alpha Data’s commitment to rewarding its shareholders.
Subscription Details and Key Dates
The IPO subscription will be open from February 20 to February 25, 2025. Alpha Data has divided the shares into two categories:
- 5% of shares are available for UAE retail investors.
- Alpha Data has allocated 95% of the shares to institutional investors.
Bin Hamoodah Company and Ibbini Investment Company currently own all the shares in this IPO. They will confirm the final share price on February 26 after completing a book-building process.. Investors can expect Alpha Data’s stock to start trading on the Abu Dhabi Securities Exchange (ADX) under the ticker symbol “ALPHADATA” around March 11, 2025.
Alpha Data is Strong Financial Growth
Alpha Data has shown strong financial growth over the years. In 2024, the company reported a net profit of AED 127 million and total revenue of AED 2.32 billion. These figures reflect its solid market position and consistent growth in the technology sector.
A Booming IPO Market in the UAE
IPOs in the UAE are rapidly increasing, and experts estimate they will raise around $6 billion in 2025.Etihad Airways, Dubizzle, and other major companies are actively preparing to go public this year, further boosting the UAE’s IPO market. The government’s efforts to attract more investors and diversify the economy have contributed to this rise in IPO activity.
Why Alpha Data is IPO is a Big Deal
Alpha Data’s IPO presents a promising opportunity for investors looking to enter the UAE’s growing tech market. Alpha Data is set to become a key player in the region’s stock market because it has a strong financial foundation, offers a high dividend yield, and holds a strategic position in the industry.
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