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ADNOC Drilling jumps over 30% in debut for Abu Dhabi’s largest IPO – Reuters



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By Reuters Staff2 Min ReadFILE PHOTO: Electronic boards displaying stock information are seen as an investor walks past at the ADX Abu Dhabi Securities Exchange stock market May 16, 2012. REUTERS/Ben Job/File PhotoDUBAI (Reuters) -ADNOC Drilling shares jumped more than 30% as the unit of Abu Dhabi oil giant ADNOC started trading on Sunday after its $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market.ADNOC Drilling, whose share offering attracted more than $34 billion in demand, is expected to be among the 10 largest companies on the Abu Dhabi Securities Exchange, based on a market capitalisation at …

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