RIYADH: Mobility firm Dubai Taxi Co. has commenced its subscription period for its upcoming initial public offering, revealing a price range that values the company at up to 4.6 billion dirhams ($1.25 billion).
The IPO price range on the Dubai stock market has been set between 1.80 dirhams and 1.85 dirhams per share, according to a press release.
This implies that the company aims to raise around 1.16 billion dirhams if the final pricing aligns with the upper end of the range.