Books for the initial public offering of Abu Dhabi-headquartered petrochemicals firm Borouge were covered in about an hour after opening, a bookrunner on the deal said.
Borouge is a joint venture between Abu Dhabi National Oil Company (ADNOC) and Austria’s Borealis.
ADNOC declined to comment.
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Read more: ADNOC and Borealis to float 10 pct stake of joint venture polymer giant Borouge
