Dandy successfully completes public subscription
Tribune News Network Doha Dandy on Tuesday announced the successful completion of the subscription period for its initial public offering, which was oversubscribed following a subs...
Dandy successfully concluded its public subscription for its initial public offering, with the subscription period concluding on 20 October 2026. The public offer consisted of 28,840,000 shares, constituting 70% of the total 41,200,000 Offer Shares, priced at QR5 per share. Subscribers paid QR5.01 per share, including offering and listing fees.
The remaining 30%, or 12,360,000 shares, were allocated to institutional investors through a book-building process. The total offer size amounted to QR206 million, as per the Qatar Financial Markets Authority’s rules and conditions outlined in the prospectus.
Upon completion, the founding shareholders will retain 60% of the company’s issued and fully paid-up share capital, subject to lock-up requirements. Following the listing, Dandy's free float will be 40%, with trading anticipated to commence on the Qatar Stock Exchange in November, pending regulatory and technical approvals.
Written by urgent.news from Qatar Tribune Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
