UAE’s First IPO of 2025 Marks a Significant Milestone for Digital Transformation and Innovation on the Abu Dhabi Securities Exchange
Alpha Data, a prominent provider of digital transformation solutions and systems integration services in the UAE, celebrated a successful market debut on the Abu Dhabi Securities Exchange (ADX) on Tuesday, March 10, 2025. The company’s shares surged 6.667% on their first day of trading, closing at Dh1.60, up from an opening price of Dh1.53.
This marks a major achievement as the UAE’s first Initial Public Offering (IPO) of 2025 and the second listing on ADX in the year. The strong debut comes on the heels of a highly successful IPO, which raised Dh600 million (approximately $163 million), with the offering oversubscribed by double digits.
Strong Demand and a Robust Start
The IPO saw Alpha Data issue 400 million shares, representing 40% of its issued share capital, at the top end of its offer price, Dh1.50 per share. This puts Alpha Data’s market capitalisation at approximately Dh1.5 billion ($408 million), further cementing its position as a leader in the UAE’s rapidly growing technology sector.
“We are delighted to welcome Alpha Data to ADX as the UAE’s first IPO of 2025 and our second offering during the year,” said Abdulla Salem Alnuaimi, Group CEO of ADX. “This milestone reflects our unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector.”
The listing is seen as part of ADX’s broader strategy to enable innovation and support the ongoing economic transformation in Abu Dhabi. As the digital economy continues to evolve, the exchange is positioning itself as a key platform for growth, creating opportunities for investors and fostering new technologies.
Alpha Data’s Vision for Growth and Innovation
Alpha Data’s CEO, Fayez Ibbini, expressed pride in the company’s successful listing and the overwhelming support it received during the IPO process. “We are incredibly proud to join the Abu Dhabi Securities Exchange as a homegrown UAE family business after seeing strong demand and support for our strategic vision during our IPO,” Ibbini remarked.
The company’s listing represents more than just a financial milestone. It marks the beginning of an exciting new chapter in Alpha Data’s 40-year journey of growth and innovation. “Our listing is a commitment to our shareholders and the broader market to continue delivering growth and championing technological developments,” Ibbini added. “We look forward to driving digital transformation and delivering exceptional value to our shareholders as we step into this new era.”
As an industry leader in AI, Big Data, and Cloud solutions, Alpha Data’s strategic focus on cutting-edge digital infrastructure aligns with Abu Dhabi’s vision for a sustainable and diversified economy.
The ADX Group’s Expanding Capabilities
ADX’s continued growth is not only driven by high-profile listings like Alpha Data but also by the recent establishment of ADX Group, which aims to enhance the efficiency of the exchange’s operations. ADX Group has launched advanced trading, clearing, and settlement capabilities through its new subsidiaries, AD Clear and AD CSD. These efforts are designed to make the marketplace more dynamic and accessible, solidifying Abu Dhabi’s position as a leading global financial centre.
In this context, the listing of Alpha Data underscores ADX’s ongoing commitment to supporting pioneering businesses that drive innovation, especially in sectors critical to the region’s economic diversification efforts. “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,” Alnuaimi concluded.
A Promising Future for Digital Transformation
The success of Alpha Data’s IPO and its strong market debut signal a bright future for both the company and the UAE’s digital transformation sector. As Alpha Data continues to expand its reach and influence in the technology space, its listing will serve as a beacon for other innovative companies looking to tap into Abu Dhabi’s growing financial market.
With its focus on AI, Big Data, and Cloud solutions, Alpha Data is well-positioned to play a crucial role in shaping the future of digital infrastructure and helping businesses transition to more sustainable, technology-driven models. As the UAE and Abu Dhabi continue to invest in technological advancements and smart infrastructure, the demand for companies like Alpha Data will only grow, ensuring that the country remains a leader in the digital age.
This IPO not only highlights Alpha Data’s resilience and vision but also reinforces Abu Dhabi’s strategic focus on becoming a global hub for digital transformation and innovation.
