UAE-based stock exchange Dubai Financial Market (DFM) has launched a platform aimed at the initial public offerings (IPO) market.
DFM Arena is aimed at private companies, including family conglomerates and SMEs.
According to DFM, the platform will enable companies to access capital through diverse assets, including equity and debt with plans to add more asset classes.
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In addition, venture capital firms will be able to sell private market shares to establish new liquidity pools and expand their investor base.
Privately listed companies will also have the option to limit access to institutional investors, employees-only, or family and founding members, providing a pre-IPO listing option.
According to Hamed Ali, chief executive, DFM, the platform combines the efficiency of direct listing with the advantages of DFM’s diverse investor base.
“Additionally, it enables investors to easily access private investments in the UAE’s most promising companies and brands, unlocking investment opportunities that were previously inaccessible,” said Ali.
“Furthermore, Arena acts as a catalyst to enhancing the funding ecosystem for growth companies, paving the way for a more vibrant and inclusive investment ecosystem.”