Adnoc Distribution covers $800m-$2bn IPO on the third day of bookbuilding

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Adnoc Distribution covers $800m-$2bn IPO on the third day of bookbuilding

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A view of the evening illuminated skyline of Abu Dhabi, United Arab Emirates, 30 October 2012. Photo: Jens Buettner | Jens Büttner/DPA/PA Images

The IPO of Adnoc Distribution, the petrol stations business of Abu Dhabi’s state oil company, was covered at its base size, three working days into the bookbuild.

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