UAE’s Alef Education sets IPO price range; set to raise up to $515mln

UAE’s Alef Education sets IPO price range; set to raise up to $515mln

Alef Education, which is floating 20% of its share capital in an initial public offering (IPO), has set the offer price range between 1.30 ($0.35) UAE dirhams and AED 1.35 per share, potentially raising as much as AED 1.89 billion ($515 million) at the top of the price range.