Investcorp Exclusive: Inside the New $403m IPO

Investcorp Capital Plc, the Middle East’s leading alternative asset manager, plans to raise 1.49 billion dirhams ($403 million) through an initial public offering (IPO) in Abu Dhabi.

Investcorp Holdings, its parent company, will sell 321.5 million shares in Investcorp Capital, with another 321.5 million new shares offered in the IPO. This represents about a 29.3% stake.

During the IPO’s opening, it received full coverage within one hour. Notably, over 60%