Abu Dhabi's ADNOC looks to raise up to $2 bln from IPO of gas unit

Abu Dhabi state gas firm looks to raise $2B in IPO

DUBAI, United Arab Emirates (AP) -- Abu Dhabi's state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering, the company said Thursday.

Abu Dhabi state gas firm looks to raise $2B in IPO

Abu Dhabi’s state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering

Abu Dhabi state gas firm looks to raise $2B in IPO

Abu Dhabi's state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering, the company said Thursday.It said the price range for the previously announced sale of over 3 billion shares has been set at 2.25 to 2.34 Emirati dirhams, valuing the company at up to $50.8 billion. The subscription period begins Thursday, with the final offer price expected to be announced March 3.The Abu Dhabi National Oil…

Abu Dhabi state gas firm looks to raise $2B in IPO

Abu Dhabi's state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering, the company said Thursday.It said the price range for the previously announced sale of over 3 billion shares has been set at 2.25 to 2.34 Emirati dirhams, valuing the company at up to $50.8 billion. The subscription period begins Thursday, with the final offer price expected to be announced March 3.The Abu Dhabi National Oil…

Abu Dhabi state gas firm looks to raise $2B in IPO

Abu Dhabi's state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering, the company said Thursday.It said the price range for the previously announced sale of over 3 billion shares has been set at 2.25 to 2.34 Emirati dirhams, valuing the company at up to $50.8 billion. The subscription period begins Thursday, with the final offer price expected to be announced March 3.The Abu Dhabi National Oil…

Abu Dhabi state gas firm looks to raise $2B in IPO

DUBAI, United Arab Emirates (AP) — Abu Dhabi’s state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering. The company said Thursday that the price range for the previously announced sale of over 3 billion shares has been set at 2.25 to 2.34 Emirati dirhams. That would value the company at up to $50.8 billion. The subscription period begins Thursday, with the final offer price to be announced Ma…