Asia Digest: Alef’s Abu Dhabi IPO oversubscribed; Future Fund, QIC buy stake in EastLink toll road

Asia Digest: Alef’s Abu Dhabi IPO oversubscribed; Future Fund, QIC buy stake in EastLink toll road

Photo by Thomas Park on Unsplash

Edtech firm Alef Education’s initial public offering (IPO) in Abu Dhabi has been oversubscribed 39 times. In a separate development, the Future Fund and the Queensland Investment Corporation (QIC) have completed the acquisition of a minority stake in the EastLink toll road network.

Edited by: Pramod Mathew