ADNOC Drilling is now trading on the ADX, with a market capitalisation of $10 billion. This initial public offering (IPO) will raise over $1.1 billion, making the ADNOC Drilling IPO the largest-ever ADX listing to date and will also be the first issuance on the newly inaugurated ADX premises. This important milestone will bolster the […]
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Posted inExploration & Production, DRILLING & PRODUCTION
ADNOC Drilling to increase IPO to 11% of share capital
The ADNOC Drilling IPO set to be largest-ever ADX listing
The Abu Dhabi National Oil Company (ADNOC) announced that it has increased the number of ordinary shares offered in the initial public offering (IPO) of ADNOC Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11% of ADNOC Drilling’s total issued share capital. Subject to completion of the IPO, ADNOC will continue […]
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