Fertiglobe's stock recorded gains of more than 20% on its first trading day today, Wednesday, in the Abu Dhabi market, and it is the third largest listing in Abu Dhabi.
According to Arabia Net, Fertiglobe raised up to $795 million by offering 13.8 percent of its shares on the stock exchange.
The company's initial public offering price has been set at 2.55 dirhams, valuing it at $5.8 billion.
The company has attracted $17 billion in orders from investors, including Singapore's sovereign wealth fund and US investor Jeff Ubben.
Fertiglobe Holding is a fertilizer focused strategic partnership between ADNOC and OCI.
