School Operator Taaleem Seeks to Raise $204.21 in IPO Document
Taaleem, a Dubai school operator, said on Monday it planned to raise 750 million dirhams ($204.21 million) in an initial public offering (IPO) to expand its premium schools network.
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Taaleem will offer 10% of its shares to retail investors starting November 10, and 88% of its shares to professional investors on November 17, with a listing expected around Nov. 29, it said in its intention to float document.
We are excited to announce our intention to list on @DFMalerts . We are the 2nd largest premium education provider in the UAE with a portfolio of 26 schools.
— Taaleem (@Taaleem) October 31, 2022
Subscriptions open on Thursday 10 November.
For more information, visit https://t.co/0GPFK3JkXD pic.twitter.com/Nut8IWW4EP
Another 2% will be offered to eligible employees and eligible parents, it added.
This article was previously published on UAE Moments. To see the original article, click here