Pure Health, the UAE’s largest healthcare group, launched its initial public offering (IPO) on the Abu Dhabi Securities Exchange with the aim of raising Dh3.62 billion ($986 million). The IPO involves the sale of approximately 1.11 billion shares, representing 10% of the company's total issued share capital, at a price of Dh3.26 per share. The subscription period for both retail and institutional investors opened on December 6 and close on December 11. Pure Health, with a diverse healthcare portfolio, plans to commence trading on the ADX on December 20.

Despite a 14% annual decrease in the number of listings and a 66% drop in proceeds for Q3 2023 in the MENA region, the IPO pipeline for the fourth quarter and 2024 appears promising. The ADX, between January and September, ranked sixth globally in IPO proceeds, reaching $3.7 billion. Pure Health's global expansion includes recent acquisitions in the UK, notably a 100% stake in Circle Health Group, valued at Dh4.41 billion. The company's IPO provides investors a unique opportunity to be part of an international healthcare platform dedicated to transforming healthcare systems with advanced digital infrastructure.