ABU DHABI: The Abu Dhabi Securities Exchange (ADX) has announced the upcoming listing of ADNH Catering PLC on the exchange. Trading of the company's shares, under the symbol ADNHC, will commence in the First Market on Wednesday, October 23, 2024. This listing follows the successful completion of ADNH Catering's initial public offering (IPO). According to Emirates News Agency, the company's shares will be floated for three trading sessions starting from the listing date. During this period, the share price will not be constrained by the typical daily rise and fall limits of 15% and 10%, respectively. The reference price for the company's shares will be AED 0.96, which is the final offering price for the public subscription. The IPO process included a bookbuild and public subscription, resulting in the offering of 900 million shares. These shares represent 40% of ADNH Catering's total issued share capital. The IPO raised gross proceeds of AED 864 million, leading to a market capitalization of AED 2.16 billion for the group at the time of listing.