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School Operator Taaleem Seeks to Raise $204.21 in IPO Document

  • Publish date: Tuesday، 01 November 2022
School Operator Taaleem Seeks to Raise $204.21 in IPO Document

Taaleem, a Dubai school operator, said on Monday it planned to raise 750 million dirhams ($204.21 million) in an initial public offering (IPO) to expand its premium schools network.

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Taaleem will offer 10% of its shares to retail investors starting November 10, and 88% of its shares to professional investors on November 17, with a listing expected around Nov. 29, it said in its intention to float document.

Another 2% will be offered to eligible employees and eligible parents, it added.

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