Dubai-based private school operation Taleem to raise $204.21 million in its IPO

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Dubai-based private school operation Taleem to raise $204.21 million in its initial public offering (IPO), and list its ordinary shares on the Dubai Financial Market.

The company announced its intention to list on the domestic market on its website. According to multiple news outlets, the funds raised will be used to expand the company’s K-12 network. Taaleem will offer 10% of its shares to retail investors beginning November 10, 2022, and 88% to professional investors beginning November 17. According to Reuters, the listing is scheduled for November 29, 2022.

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Dubai-based private school operation Taleem to raise $204.21 million in its IPO

Dubai-based private school operation Taleem to raise $204.21 million in its initial public offering (IPO), and list its ordinary shares on the Dubai Financial Market.

The company announced its intention to list on the domestic market on its website. According to multiple news outlets, the funds raised will be used to expand the company’s K-12 network. Taaleem will offer 10% of its shares to retail investors beginning November 10, 2022, and 88% to professional investors beginning November 17. According to Reuters, the listing is scheduled for November 29, 2022.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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