Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Uae's Finablr Cuts Ipo Price In Volatile Markets
Private Equity

Uae's Finablr Cuts Ipo Price In Volatile Markets

by posted 9months ago 39 views
* Planned London listing comes in jittery markets (Adds book covered): ABU DHABI/LONDON (Reuters) - United Arab Emirates-based Finablr had to cut the price on its initial public offering as the payments and foreign exchange company faced weak investor demand in jittery markets which also rocked ride-hailing app Uber’s Wall Street debut. Finablr was priced at 175 pence per share, the bookrunner said on Tuesday, significantly below an initially anticipated 210-260 pence range, giving the company an implied market value of about 1.23 billion pounds ($1.59 billion).

In this article