DUBAI, June 21 (Reuters) - Abu Dhabi state investor Mubadala
will offer 30% to 40% of its satellite firm Yahsat in an initial
public offering (IPO) and the company is likely to be listed in
the third quarter, it said on Monday.
This is the first listing of a company on the Abu Dhabi
bourse since the IPO of Abu Dhabi National Oil Co Distribution
in 2017.
First Abu Dhabi Bank, Merrill Lynch International
and Morgan Stanley & Co have been appointed as joint global
coordinators and Abu Dhabi Commercial Bank, EFG Hermes and HSBC
as joint bookrunners, the statement said.
(Reporting by Saeed Azhar; Editing by Edmund Blair)
HSBC Holdings (HSBA)