Dubai: Amidst all the attention grabbing by UAE’s mega-IPOs, its secondary markets too are getting into the action with the payments company MBME set to list on ADX Second Market on April 17.

MBME offers a host of payment-related services through digital channels, including utility and telecom bills. The move to list on the Second Market also shows UAE tech and digital companies are gradually looking to tapping public investments to fuel their growth narratives.

In the recent past, the Abu Dhabi headquartered G42 had IPOs for two entities, Bayanat Ai and Presight AI. Incidentally, both recorded triple-gain price gains on their first days as listed entities on ADX.

More to follow...