;

School Operator Taaleem Seeks to Raise $204.21 in IPO Document

  • Publish date: Thursday، 22 December 2022
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.

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.

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

Follow us on our Whatsapp channel for latest news