Lulu Group set to raise over US$1.5 billion via I.P.O.

Featured image of the article Lulu Group set to raise over US$1.5 billion via I.P.O.

An article by Morgane Monteiro and Sophie Baqué

Publication

26 September 2024 à 15h22

Updated on 2 October 2024 à 13h13

Reading time

2 minutes

Publication: 26 September 2024 à 15h22, Updated on 2 October 2024 à 13h13

Reading time: 2 minutes

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An article by Morgane Monteiro and Sophie Baqué

Publication

26 September 2024 à 15h22

Updated on 2 October 2024 à 13h13

Reading time

2 minutes

Publication: 26 September 2024 à 15h22, Updated on 2 October 2024 à 13h13

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
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Announced 2 years ago, Emirati retailer Lulu Group (2023 sales of US$8 billion via 260 supermarkets and 24 malls) is set to go public at the beginning of November 2024. This involves a dual I.P.O. on the Abu Dhabi (ADX) and Riyadh (Tadawul) Stock Exchanges. The company should raise between US$1.5 and US$1.85 billion, according to Zawya. This is four to five times greater than the largest regional I.P.O. for the retail sector in 2024. The banks running the deal are Emirates NBD Capital,...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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