Upcoming IPOs in the UAE for 2024 

Participating in an IPO in Dubai offers an exciting opportunity to tap into the dynamic Middle Eastern markets. With quickly growing capital markets, including a strong Dubai stock market, infrastructure, and diverse sectors, participating in IPOs can be a strategic move for investors seeking growth opportunities in the region. 

In this guide, we'll delve into the IPOs set to launch in the UAE this year, including how to invest in recently listed stocks such as Parkin, via amana. 

How can I get into IPO investment in Dubai? 

Joining or subscribing to an IPO in Dubai or Abu Dhabi might involve several steps: 

Stay updated with the latest IPO news and identify companies going public. 

Review the companies that are planning to launch IPOs thoroughly to understand the company's business, financials, and risks. 

Check where the company’s IPO is listed, whether on Abu Dhabi Securities Exchange (ADX) or Dubai Financial Market (DFM) and you can subscribe from there. 

Monitor and manage your IPO investments to plan your portfolio as needed. 

Upcoming IPOs 

Several IPOs are expected to take place in the UAE in 2024, including: 

LuLu Group International, a major hypermarket chain in the Middle East, is gearing up for a significant IPO in the Gulf, partnering with major banks and advisors to potentially raise $2 billion with a dual listing in Riyadh. 

Spinneys Dubai LLC is preparing for an IPO in Q2 2024 on the Dubai Financial Market, backed by Rothschild & Co, and aiming to release up to 30% of its equity, making it a prominent choice in the Gulf's IPO scene. 

UAE-based fintech firm Avenues World, subsidiary of Vavian International Ltd., plans to raise $25 million in pre-IPO funding, offering up to 25% of its equity, to fuel growth in the digital payment sector, with SAFA Capital managing the fundraising. 

While specific dates for these IPOs are yet to be confirmed, investors are eagerly awaiting further announcements. 

Note: Don’t worry; we will update you about the upcoming IPOs. Stay tuned to our official accounts to be in the know! 

Benefits of participating in IPOs 

If you were able to participate in Parkin's IPO, this was only the beginning of your journey in exploring the plethora of IPOs that are and will be available in the region.  

And with the success of Parkin's IPO, you could take advantage of the several benefits it could bring, like:  

Access to emerging companies: Participate in the growth potential of newly listed companies in Dubai and the wider UAE region. 

Diversification: Expand your investment portfolio by adding IPO investments alongside other asset classes. 

Potential Returns: IPOs can offer significant returns for early investors if the company performs well post-listing. 

Read more: How to buy Parkin IPO shares in Dubai 

amana learn: 3 things you need to know before investing in IPOs 

Here are three things that every investor should know before venturing into IPO investments: 

Understanding the IPO process, including how companies go public and the potential risks and rewards involved, is crucial.  

Investors need to assess the financial health and growth prospects of the company issuing the IPO, examining factors like revenue trends, market positioning, and competitive landscape. 

It's vital to grasp the market conditions and investor sentiment surrounding IPOs, as these factors can significantly impact the performance of IPO investments.  

How to invest in Parkin shares on amana? 

To invest in Parkin shares on amana, now that they are in public trading, follow these simple steps: 

Open an account: Create an active trading account with amana online or through our app.  

Fund your account: Ensure sufficient funds for Parkin IPO shares via wire transfer, credit/debit card, or Apple Pay. 

Place your order: Buy Parkin IPO shares on amana app or amanaWeb. 

Monitor your investment: Track IPO allocation and Parkin's listing on Dubai Financial Market (DFM). 

Read more: 10 reasons to download the amana app 

Other reasons why you should choose amana to trade Parkin and other stocks after their IPOs: 

amana operates under the supervision of esteemed financial authorities such as LFSA, DFSA, CySEC, FSC, FCA, and CMA. 

amana provides a range of trading options, including the amana app, amanaWeb, and MT4/MT5 platforms. 

amana offers competitive spreads and even zero-cost trades on your initial $100,000 investment in MENA stocks. 

amana has collaborated with Real Vision to deliver top-notch trading and investing courses. 

Our customer support team is available 24/6 to assist you whenever needed. 

Bottom line 

By leveraging amana's expertise, advanced trading platforms, competitive pricing, educational resources, and dedicated customer support, investors can make informed investment decisions and navigate the IPO landscape and the Dubai stock market effectively.  

Trade Parkin now and other MENA stocks and assets on amana, the best trading app in Dubai!