Strategy Note /
United Arab Emirates

ADNOC Logistics & Services IPO: Offer size raised on high demand

  • ADNOC is now selling 19% of the company, up from 15% originally. Secondary market liquidity should benefit

  • The price range is unchanged and looks attractive versus listed peers. Previous ADNOC listings have performed well

  • We see earnings growing 90% this year and 10% CAGR thereafter, driven by 8% annual top line growth

ADNOC Logistics & Services IPO: Offer size raised on high demand
Rahul Shah
Rahul Shah

Head of Corporate & Thematic Research

Tellimer Research
23 May 2023
Published byTellimer Research

Watchlist

Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.