announced Emirates Corporation for “Empower” centralized cooling systems, It announced an increase in the number of shares available for subscription in its initial public offering from 100 million to 300 million common stock, according to the Dubai Government Media Office.
The increase followed strong demand from retail investors and oversupply.
Read more: How do investors react to the maximum price of Empower shares in the offer?
Today, Tuesday 9 November 2022, the Company has set the date for the announcement of the definitive share price of the public offering, which ended on Monday.
The subscription began on October 31, offering 10% of the company’s capital, equivalent to one billion shares.
Subsequently, the size of the offer was doubled to reach two billion shares, equal to 20% of the total capital, with a price range between 1.31 and 1.33 dirhams per share.
“Emparo” brought the number of shares available to the qualified investor segment from 900 million shares to 1.9 billion shares, then reduced it to 1.7 billion shares and increased what was reduced in favor of the segment of individual subscribers.
Read more: Max out the final offer price for “Empower”, which will raise $ 724 million
The shares assigned to the individual segment are expected to be announced next Monday, November 14, and the listing will be completed and trading of the Empower shares on the Dubai financial market will begin on Tuesday November 15, 2022.
And the news agency “Bloomberg” said yesterday that “Empower” has set the final offer price for the public offering of two billion shares of its shares, at the upper end of the 1.33 dirhams price range.
