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LuLu Retail sets IPO Share Price Range at Dh1.94 to Dh2.04

UAE hypermarket operator’s IPO subscription opens to unprecedented demand

LuLu has confirmed the IPO range at Dh1.94 to Dh2.04 per share, with the final pricing to be confirmed on November 5.

The range means an issue size Dh5.01 billion ($1.36 billion) and Dh5.27 billion ($1.43 billion).

Source: Gulfnews

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