Dubai’s Parkin Makes Impressive Debut on Dubai Financial Market with 30% Surge in Shares

Dubai’s Parkin, a leading parking operator, made an impressive debut on the Dubai Financial Market with shares surging over 30% during its oversubscribed IPO. The company raised a substantial 1.57 billion dirhams ($429 million) and is poised to capitalize on Dubai’s growing population, with residency visas increasing by 63% in the first half of 2023. Parkin’s successful IPO marks the UAE’s first public listing of the year, signaling a positive start for the regional market.