Dubai-based private school operation Taleem to raise $204.21 million in its initial public offering (IPO), and list its ordinary shares on the Dubai Financial Market.
The company announced its intention to list on the domestic market on its website. According to multiple news outlets, the funds raised will be used to expand the company's K-12 network. Taaleem will offer 10% of its shares to retail investors beginning November 10, 2022, and 88% to professional investors beginning November 17. According to Reuters, the listing is scheduled for November 29, 2022.