Alpha Data lists on ADX, raising $163 million in UAE's first IPO of 2025

Alpha Data made a successful debut on the Abu Dhabi Securities Exchange (ADX) as the UAE's first IPO of 2025, closing 7% higher at AED1.60 after raising AED600 million ($163 million) from the sale of 40% of its stock. The offering was oversubscribed, attracting significant demand from both regional and international investors, which contributed to its strong performance. With a market capitalization of approximately AED1.5 billion ($408 million), Alpha Data is positioned prominently in the UAE's technology sector. This listing highlights ADX's commitment to expanding its market offerings and supporting the growth of high-tech companies, particularly in digital infrastructure and technology. Company executives expressed pride in this milestone, indicating a focus on growth and innovation moving forward. The performance of Alpha Data contrasts sharply with other recent IPOs in the region that have struggled on the market.