United Arab Emirates energy giant Abu Dhabi National Oil Company (Adnoc) is aiming to raise up to $607m in a planned initial public offering for its shipping business Adnoc Logistics & Services (Adnoc L&S).
Adnoc set a price per share of AED1.99 ($0.5420) to AED2.01 for its IPO.
The range value Adnoc L&S at $4.05bn.
