Alpha Data Raises $163 Million Through Its IPO

The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE.

This marks the UAE’s first IPO and ADX’s second offering in 2025, reinforcing the Exchange’s commitment to broadening the market and offering diversified investment opportunities. Alpha Data’s IPO attracted strong demand from regional and international investors, with the IPO oversubscribed by double digits.

The company raised $163 million through the issuance of 400 million shares, representing 40% of its issued share capital, at the top end of its offer price of $0.41 per share. Upon listing, Alpha Data’s market capitalisation stands at approximately $408 million, underscoring its strong position in the UAE’s technology sector.

The listing also underscored ADX’s commitment to supporting the UAE’s tech industry by attracting high-growth companies in future-focused fields such as AI, the Internet of Things (IoT), Big Data, and Cloud Computing.

Through its deep and dynamic capital market, ADX provides companies with efficient access to growth capital, supporting their expansion and innovation while reinforcing its role in driving economic diversification and technological advancement.

Unwavering Commitment

ADX Group CEO Abdulla Salem Alnuaimi said that Alpha Data has been the UAE’s first IPO and their second offering during the year.

This milestone reflects ADX’s unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector. As ADX continues to expand its offering, they were creating greater opportunities for investors to participate in the digital economy, he said.

“The listing of Alpha Data is an extension of the ADX Group’s efforts in enabling pioneering businesses to drive innovation and support Abu Dhabi’s economic transformation. As a key enabler of sustainable growth and capital market development in the region, we will continue to support more private companies to achieve their growth ambitions via the ADX listing platform,” he added.

Alpha Data founder and CEO Fayez Ibbini said that they were excited to join ADX as a home grown UAE family business after seeing strong demand and support for their strategic vision during the IPO. “Our listing marks an exciting new chapter for Alpha Data and is more than just a milestone in our 40-year journey of growth and innovation; it’s a commitment to our shareholders and the broader market to keep delivering growth and champion technological developments. We look forward to continue driving digital transformation and delivering exceptional value to our shareholders as we step into this new era,” he added.

ADX’s has recently announced the recent launch of ADX Group, which has established advanced trading, clearing, and settlement capabilities through its new subsidiaries, AD Clear and AD CSD. These developments create a more dynamic and efficient marketplace for issuers and investors, cementing Abu Dhabi’s status as a leading global financial centre.