Multiply IHC’s ADX listenings

Multiply IHC’s ADX listenings

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The International Holding Company (IHC) is about to get a whole lot brighter. Multiply Group, one of IHC’s tech subsidiaries, is scheduled to get directly listed on the ADX on the 8th of December.

Essentially, this listing will allow 30 per cent of Multiply's shares to be up for grabs, which would value the company at $2.2b-$2.7b (AED 8-10b). Surprised? Well, this is the special treatment that IHC’s subsidiaries (Fertiglobe, Yahsat) get when you have IHC’s hand on your shoulder, with a lot more plans (Pure IPO) coming along next year.

Looks like IHC is very keen on delighting customers and investors with its disruptive, tech-focused gadgets.

Why it matters

With the country set to capitalize on the rapid growth of the digital economy, both in the region and globally, Multiply’s listing pretty much translates to a big win, where promising tech companies will find it easier to secure funding for their prototypes and call UAE their home.
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