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Investcorp Exclusive: The $451m IPO Struggles Explained

Investcorp Capital Plc, a Middle Eastern investment vehicle backed by a major alternative asset manager, encountered a disappointing start on its first day of trading after its $451 million initial public offering (IPO).

Investcorp Capital's IPO disappoints as shares decline on debut, despite strong demand from institutional investors. PHOTO: ALP/Investcorp
Investcorp Capital’s IPO disappoints as shares decline on debut, despite strong demand from institutional investors. PHOTO: ALP/Investcorp

The company’s shares opened flat at the offering price of 2.30 dirhams in Abu Dhabi before briefly climbing to 2.40 dirhams and subsequently declining by 2.6%.

Despite the strong demand from international and regional institutional investors,

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