Lulu Group’s UAE Mega IPO Falls Short of Expectations

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Despite a record-setting $1.72 billion IPO, Lulu Group’s market debut fell short of expectations with only modest gains. The high investor interest initially led to an expanded offering, but the stock’s lukewarm performance highlights market caution. With expansion plans across the UAE and Saudi Arabia, the company’s focus remains on growth, yet the IPO’s debut reflects challenges in sustaining initial momentum. • #LuluGroup #UAEIPO #StockMarket #RetailIndustry #MiddleEastEconomy #IPOUpdate #LuluExpansion

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