The shares of Lulu Retail Holding Company are set to be listed for trading on the Abu Dhabi Securities Exchange (ADX) in the First Market – First Category, starting Thursday, November 14.
According to a statement issued today, the company’s shares will be listed under the Consumer Goods sector, with the trading symbol LULU and an International Securities Identification Number (ISIN) of AEE01487L240.
Per ADX regulations, the company’s share price will float freely for the first three trading sessions following its listing, exempt from the daily fluctuation limits of 15% upward and 10% downward typically applied. The reference price for Lulu’s shares on the first trading day will be the final IPO price of AED 2.04 per share.
On October 28, Lulu Retail Holding offered 25% of its shares—equivalent to 2,582.2 million shares—in an IPO. This was subsequently increased to 3,098.7 million shares, representing 30% of the company’s share capital. The offering was oversubscribed by more than 25 times across all investor categories (excluding cornerstone investors), with total demand exceeding AED 135 billion (approximately USD 37 billion).
