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Axiom Cancels IPO, Nasdaq Dubai Listing – Statement - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Axiom has cancelled its initial public offering and its plans to list on NASDAQ Dubai, the company said on Monday, citing market conditions.

“While there were sufficient orders to fully cover the IPO book at the price range, primarily due to demand from high quality international investors in Europe and the U.S., there were widespread concerns about market conditions and liquidity,” a company statement said.

“The board has therefore decided to withdraw the offer at this juncture to protect current and future shareholders of Axiom,” it said, adding that plans to list on NASDAQ Dubai were also cancelled.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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