{"id":100952,"date":"2025-02-21T00:00:00","date_gmt":"2025-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/"},"modified":"2025-02-21T00:00:00","modified_gmt":"2025-02-21T00:00:00","slug":"alpha-data-could-raise-up-to-aed-600-mn-from-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/","title":{"rendered":"Alpha Data could raise up to AED 600 mn from IPO"},"content":{"rendered":"

IT services firm Alpha Data is guiding on a narrow price range of AED <\/strong>1.45-1.50 per share <\/strong>for its upcoming IPO on the ADX<\/strong>, which could generate up to AED 600 mn in proceeds, according to a news release (pdf)<\/a>. At the top of the range, the pricing implies a market cap of AED 1.5 bn upon listing, in what will be Abu Dhabi\u2019s first IPO of the year. <\/p>\n

Subscription for both institutional and retail investors opened yesterday<\/strong>, and is set to run until Tuesday, 25 February. The final price of the offering will be announced on Wednesday, 26 February, while trading is expected to begin around Tuesday, 11 March.<\/p>\n

REMEMBER- <\/strong>Alpha Data\u2019s only two shareholders \u2014 Bin Hamoodah Company and Ibbini Investment \u2014 are selling down their position to a combined 60% stake in the company and pocketing net proceeds from the 40% stake<\/a> sale. <\/p>\n

ADVISORS- <\/strong>EFG Hermes, Emirates NBD and Abu Dhabi Commercial Bank are acting as joint lead managers for the transaction, with Ashurst and Latham & Watkins providing legal counsel. Deloitte & Touche are serving as auditors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company is seeking a valuation of up to AED 1.5 bn<\/p>\n","protected":false},"author":1,"featured_media":100953,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1560],"tags":[74,2266,7,1392,149],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-adx","tag-alpha-data","tag-enterpriseam-uae","tag-ipo","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"0da83252-bca3-4100-a5fe-ecb9c9a0c41d","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/851.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alpha Data could raise up to AED 600 mn from IPO","related_issue":[100945],"teaser":"The company is seeking a valuation of up to AED 1.5 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.23a5ec59-1ff2-4d7c-91fb-f70f74430f64.mp3"},"yoast_head":"\nAlpha Data could raise up to AED 600 mn from IPO - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha Data could raise up to AED 600 mn from IPO\" \/>\n<meta property=\"og:description\" content=\"The company is seeking a valuation of up to AED 1.5 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alpha Data could raise up to AED 600 mn from IPO\",\"datePublished\":\"2025-02-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADX\",\"Alpha Data\",\"EnterpriseAM UAE\",\"IPO\",\"IPO WATCH\"],\"articleSection\":[\"IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/\",\"name\":\"Alpha Data could raise up to AED 600 mn from IPO - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-02-21T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alpha Data could raise up to AED 600 mn from IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Alpha Data could raise up to AED 600 mn from IPO - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/","og_locale":"en_US","og_type":"article","og_title":"Alpha Data could raise up to AED 600 mn from IPO","og_description":"The company is seeking a valuation of up to AED 1.5 bn","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/","og_site_name":"UAE","article_published_time":"2025-02-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Alpha Data could raise up to AED 600 mn from IPO","datePublished":"2025-02-21T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/"},"wordCount":182,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","keywords":["ADX","Alpha Data","EnterpriseAM UAE","IPO","IPO WATCH"],"articleSection":["IPO WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/","name":"Alpha Data could raise up to AED 600 mn from IPO - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","datePublished":"2025-02-21T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/02\/21\/alpha-data-could-raise-up-to-aed-600-mn-from-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Alpha Data could raise up to AED 600 mn from IPO"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/100952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=100952"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/100952\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/100945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/100953"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=100952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=100952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=100952"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=100952"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=100952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}