Lulu Retail Holdings shares fall on debut after $1.72 bn Abu Dhabi IPO

Q: How long will it take to read this news story?

The story "Lulu Retail Holdings shares fall on debut after $1.72 bn Abu Dhabi IPO" has 503 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Lulu Retail Holdings shares fall on debut after $1.72 bn Abu Dhabi IPO" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 261 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23583650</li><li>URL: https://beamstart.com/news/lulu-retail-holdings-shares-fall-17315793752570</li></ul>

Business Standard Logo Business Standard 1w ago

Lulu Retail Holdings shares fall on debut after $1.72 bn Abu Dhabi IPO - Business Standard

Quick Summary:

The hypermarket chain operator fell to as much as 1.99 dirhams ($0.54) per share in its Abu Dhabi trading debut, down 2.5 per cent from the offer price of 2.

Lulu has since grown into one of the Middle East’s largest hypermarket chains and reported a profit of $192 million last year.

The muted debut comes two weeks after Oman’s OQ Exploration & Production dropped 8 per cent in its debut after a record $2 billion offering.