Seleskya + 50 AS December 11, 2017 While everyone's focused on the Aramco IPO ... what's happening with the Abu Dhabi National OIl Co. IPO? They said they were moving forward in mid-November to sell 2.5 billion shares? Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT December 11, 2017 I understood they were going to sell as much as 20% and shares were supposed to start trading on the 13th ... haven't kept up with it Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB December 11, 2017 see it's still on track for the 13th, and looks fairly attractive because Adnoc Distribution (the unit up for sale) is said to be less vulnerable to oil prices ... Quote Share this post Link to post Share on other sites
TraderTate + 186 TS December 11, 2017 is this only on the ADX? Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB December 11, 2017 yeah, only on the Abu Dhabi exchange. They raised $851 million. First ADX IPO in six years, and nothing this big in Abu Dhabi for 10 years. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS December 17, 2017 but they only sold 10%, not 20% of ADNOC Distribution. Shares role sat the open by 0.79 cents on the 13th. Quote Share this post Link to post Share on other sites
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