First IPO Of 2025: Alpha Data Now Listed On Abu Dhabi Securities Exchange

The Abu Dhabi Securities Exchange (ADX) has successfully listed Alpha Data, a prominent digital transformation provider in the UAE. This marks the first IPO in the UAE for 2025 and ADX's second offering this year. The listing highlights ADX's dedication to expanding the market and providing diverse investment opportunities.

Alpha Data's IPO saw significant interest from both regional and international investors, with subscriptions exceeding expectations. The company raised AED600 million (US$163 million) by issuing 400 million shares, which is 40% of its total share capital, priced at AED1.50 per share. Following the listing, Alpha Data's market value is approximately AED1.5 billion (US$408 million), reflecting its strong presence in the UAE tech sector.

ADX aims to support the UAE’s tech industry by attracting companies focused on AI, IoT, Big Data, and Cloud Computing. The exchange offers a robust capital market that helps companies access growth capital efficiently. This supports their expansion and innovation while enhancing economic diversification and technological progress.

Abdulla Salem Alnuaimi, Group CEO of ADX, expressed enthusiasm about Alpha Data's listing: "We are delighted to welcome Alpha Data to ADX as the UAE’s first IPO of 2025 and our second offering during the year. This milestone reflects our unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector."

Fayez Ibbini, Founder and CEO of Alpha Data, shared his excitement about joining ADX: "We are incredibly proud to join the Abu Dhabi Securities Exchange as a homegrown UAE family business after seeing strong demand and support for our strategic vision during our IPO." He emphasised that this step is not just a milestone but also a commitment to shareholders and market growth.

The listing of Alpha Data aligns with ADX Group’s strategy to enable innovative businesses that drive economic transformation in Abu Dhabi. As an essential player in sustainable growth and capital market development in the region, ADX will continue supporting private companies aiming for growth through its platform.

Recently, ADX launched new subsidiaries—AD Clear and AD CSD—to enhance trading, clearing, and settlement capabilities. These advancements aim to create a more efficient marketplace for issuers and investors alike. Such developments reinforce Abu Dhabi’s position as a leading global financial hub.

The introduction of these advanced systems ensures a dynamic environment for both issuers and investors. By doing so, it strengthens Abu Dhabi’s reputation as a premier financial centre worldwide.

This strategic move by ADX not only supports technological advancement but also contributes significantly to economic diversification within the region.

With inputs from WAM