Abu Dhabi’s Adnoc Gas raised $2.5 billion from its initial public offering. Investors placed $124 billion of orders for a 5% stake in Adnoc Gas, an oversubscription level of more than 50 times.

Adnoc Gas Draws $124 Billion of Orders for $2.5 Billion IPO

Posted On: March 10, 2023

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Abu Dhabi’s Adnoc Gas raised $2.5 billion from its initial public offering. Investors placed $124 billion of orders for a 5% stake in Adnoc Gas, an oversubscription level of more than 50 times.

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Adnoc Gas Draws $124 Billion of Orders for $2.5 Billion IPO

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