Taaleem Foundation for School Management in Dubai announced that it will offer its shares to the public with the aim of raising 750 million dirhams (204.21 million dollars) for its network of schools.
According to Arabiya Net, Taaleem intends to offer 10% of its shares to individual investors starting next November 10, and 88% of its shares to professional investors on November 17.
It is expected that the shares offered for subscription will be listed at the end of November.
Taaleem added that another 2% will be provided to eligible employees and parents.
Reuters reported in April that the company was in preliminary talks with banks about a possible flotation.
Taaleem, one of the largest providers of early childhood services, primary and secondary education, was established in 2004.
Dubai's deputy ruler, Sheikh Maktoum bin Mohammed, announced plans last November to list 10 government-related entities on the stock exchange.
According to Refinitiv data, more than $15 billion has been raised from listings across the Gulf so far this year.
The data showed that Saudi Arabia had 24 initial public offerings that raised $4.75 billion, while the UAE had seven that raised more than $10 billion.
