Lulu Retail boosts IPO size to 30 per cent

Indian Billionaire Yusuff Ali’s Lulu Retail Raises Size Of Abu Dhabi IPO To $1.7 Billion
Lulu Retail Holdings—a Middle East hypermarket chain founded by Indian billionaire M.A. Yusuff Ali—increased the size of its IPO and now aims to raise as much as $1.7 billion amid robust demand for its shares.
Top Grocer Lulu Boosts Size of Abu Dhabi IPO to $1.72 Billion
Lulu Retail Holdings Plc increased the number of shares on offer in its Abu Dhabi initial public offering, and now targets raising as much as $1.72 billion in the United Arab Emirates’ biggest listing of the year.
Lulu Retail boosts IPO size to 30 per cent amid high investor demand; Check
Lulu Retail Holdings, operator of a major hypermarket chain in the Middle East, announced on Monday that it is increasing the size of its upcoming initial public offering (IPO) from 25% to 30% in response to strong interest from both foreign and regional investors.
Lulu IPO: Retailer boosts size of offering to 30% on strong demand
Lulu Retail has boosted the size of its initial public offering in Abu Dhabi to 30 per cent of its shares, up from 25 per cent, on strong demand and an additional cornerstone investor. The total offering size has been increased to 3,
Lulu Retail Holdings expects to raise $1.43 billion from its Abu Dhabi IPO
Lulu International Holdings plans to sell a 25 per cent stake or 2.58 billion shares in Lulu Retail Holdings public issue. The company expects to raise $1.43 billion from the listing, reported Bloomberg on Monday.

NielsenIQ evaluating IPO at valuation close to $10B

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