Parkin completes record-breaking IPO, raising AED1.6 billion with offering 165 times oversubscribed

Parkin completes record-breaking IPO, raising AED1.6 billion with offering 165 times oversubscribed
Parkin Company today announced that it has set the final offer price for its Initial Public Offering (IPO) at AED2.10 per share.This will result in approximately AED1,574.37 million (c. US$428.69 million) of gross proceeds for Dubai Investment Fund (Selling Shareholder). The Company and Selling Sha