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.