Eureeca broadens international investment access, strengthening UAE IPO market
As a multi-regulated, cross-continental digital investment platform with 55,000 users from 72 countries, Eureeca paves the way for more international investor participation in UAE IPOs
Eureeca to offer a simplified three-click investment process for international, regional and local investors for 2025 IPOs, including the highly anticipated Etihad Airways IPO
Dubai, United Arab Emirates: Eureeca, a UAE-headquartered and multi-regulated digital investment platform, has cemented its reputation as a leading gateway for international investors looking to access high-profile UAE IPOs. Following the successful facilitation of investment in Lulu Group's IPO, Eureeca will continue accelerating participation in the UAE's rapidly growing IPO landscape, which is predicted to be worth US$6 billion in 2025, including the much-anticipated Etihad Airways IPO expected in 2025.
The Lulu Group IPO raised gross proceeds of US$1.72 billion in 2024, with overwhelming demand leading to oversubscription by more than 25 times across all tranches. International and regional individual and institutional investors showed unprecedented interest via Eureeca, with 55% of the platforms' total Lulu Group IPO subscriptions coming from international investors, spanning 14 countries and 25 nationalities.
Lulu Group also witnessed thousands of local subscribers across all subscription channels, including local banks and brokerage houses.
Sam Quawasmi, Co-CEO and Co-founder of Eureeca said: 'Lulu Group's IPO demonstrated the power of Eureeca's technology in providing seamless and secure online access to high-growth opportunities in the region. We are committed to democratising investment access by offering a simplified, transparent, compliant and efficient process for international, regional and local investors to participate in UAE IPOs.'
Through a simplified three-click subscription process, international investors can use their mobile phones to view IPOs available for subscription on Eureeca and invest seamlessly; negating the need for paperwork and stamps at government entities to create a National Investor Number (NIN). Investors can subscribe using bank transfer or card payment.
When investors want to sell their shares, they can do so from three clicks via Eureeca's platform, omitting the need for a trading account with a local broker, which isn't required when selling via Eureeca.
The growing demand for UAE IPOs reflects the region's economic diversification, robust capital markets, and increasing foreign investor interest. The IPO pipeline for 2025 remains strong, with key industry players including Etihad Airways, which has been widely reported in the media, Dubizzle, Five Holdings, and Alpha Data, potentially going public.
'Eureeca is well-positioned to capitalise on this momentum, leveraging its strong regulatory infrastructure and technology to enable international investor access into the UAE in a fully compliant manner. International customers, fans and employees of the anticipated Etihad Airways IPO can participate seamlessly and competently through Eureeca's end-to-end solution, developed for international, regional and local investors,' Quawasmi added.
Eureeca is a multi-regulated, cross-continental digital investment platform with 55,000 users across 72 countries. The company's recent strategic partnership with the Abu Dhabi Securities Exchange (ADX) offers direct access to IPOs on the ADX, with other markets and exchanges to follow.
Cementing Eureeca's aspirations to build a mobile-friendly democratised digital investment bank, the app provides investors with IPO opportunities in multiple countries and the ability to make a portfolio of private growth companies and launch other asset classes in various geographies.
For more information, please visit https://eureeca.com.
Media contact:
TRINA QUINTANA
Account Manager
Indigo Icon Tower, Jumeirah Lakes Towers
Dubai, United Arab Emirates
E-mail: trina.quintana@shamalcomms.com
Website: www.shamalcomms.com
A member of the ECCO Communications Network
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
8 minutes ago
- Zawya
Hamdan bin Mohammed explores future of space sector with leading UAE-based startups
DUBAI: H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of the Supreme Space Council, met with representatives of leading space sector startups operating in the UAE. The meeting is part of H.H. Sheikh Hamdan's keenness to advance the national space ecosystem and further promote its role as a global leader in the space industry. H.H. Sheikh Hamdan underscored the importance of strong partnerships and strategic collaboration between the public and private sectors as a foundation for developing an advanced and innovative space ecosystem. He highlighted that continuous innovation and long-term investment in future technologies are essential to this progress. Sheikh Hamdan also expressed confidence in the capabilities of UAE-based companies and entrepreneurs, noting their crucial role in driving the growth of the local space industry and strengthening the country's position as a leading global hub in this strategic field. H.H. Sheikh Hamdan also highlighted the space sector as a vital driver of the future and sustainable economic growth. He stressed the UAE's ongoing efforts to build a supportive environment that fosters the growth of national companies and unlock new opportunities for investment and innovation, boosting the country's global competitiveness and leadership in space. The private sector is leading the space scene in the UAE, reaffirming the maturity of national investments that have been established over the past three decades A number of the UAE based companies took part in the meeting, representing a wide range of specialisations, including locally developed Internet of Things (IoT) solutions, artificial intelligence and remote sensing, commercial space ecosystem development, edge computing for robotics applications, high-resolution Earth observation via microsatellites, as well as AI systems, robotics, interactive simulation technologies, and reusable space launch systems. Participants shared insights into their current projects, long-term strategies, and future investment plans in support of the national economy. Discussions focused on strengthening public-private collaboration, expanding operations both locally and internationally, and exploring promising opportunities within the UAE's growing space sector—highlighting the private sector's central role in shaping a globally competitive and integrated space industry. Company representatives reaffirmed their commitment to the UAE's space ambitions and outlined plans to expand their operations within the country. They praised the UAE's flexible regulatory framework and advanced infrastructure as key enablers of sustained investment. Attendees also welcomed initiatives such as the Space Economic Zones Programme, which they said play a vital role in enabling collaboration and fostering long-term, sustainable growth across the space ecosystem. The meeting was attended by Dr. Ahmad Belhoul Al Falasi, Minister of Sports, Secretary-General of the Supreme Space Council, and Chairman of the Board of Directors of the UAE Space Agency; Khalid Al Awadi, founder of Rimal; Ibrahim Al Obaidly, founder of Ardhiyat Al Ibdaa Information Solutions; David Critchley, CEO of 4EI; Dr. Hamdullah Mohib, CEO of Marlan Space; Alex Lapir, CEO of Aliensense; Abdulhalim Jallad, co-founder of Oryx Space; and Stan Rudenko, CEO of Aspire Space Technology.
Zawya
8 minutes ago
- Zawya
OpenAI has discussed raising money from Saudi Arabia, Indian investors, The Information reports
ChatGPT maker OpenAI has talked to Saudi's PIF, India's Reliance Industries and existing shareholder United Arab Emirates' MGX about its $40 billion financing, The Information reported on Wednesday. The investors could put in at least hundreds of millions of dollars each, the report said, citing people familiar with the fundraise. OpenAI is looking to raise more funds to fuel its model development and ambitious infrastructure plan Stargate, with the financing led by SoftBank. Earlier this year, OpenAI CEO Sam Altman met with India's IT Minister and discussed India's plan of creating a low-cost AI ecosystem, after which Altman also had plans to visit UAE to discuss raising funds with Abu Dhabi investment group MGX, two sources with knowledge of the matter told Reuters. The Microsoft-backed startup has also discussed raising at least $100 million each from Coatue and Founders Fund as part of the fundraise, The Information report said, adding that the company also expects to raise an additional $17 billion in 2027. Reuters could not immediately confirm the report. OpenAI, PIF, Reliance Industries, MGX and SoftBank did not immediately respond to Reuters requests for comment.
Zawya
8 minutes ago
- Zawya
Dubai Land Department achieves world-first with instant sell-out of tokenized real estate
DUBAI: In a landmark move that reinforces Dubai's leadership in the real estate sector, Dubai Land Department announced that its second tokenized project on the 'PRYPCO Mint' platform was fully funded in a record-breaking one minute and 58 seconds, attracting 149 investors from 35 nationalities. This unprecedented demand pushed the waiting list to over 10,700 investors, reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate. This ongoing success underscores the effectiveness of the platform, which is officially accredited under Dubai Land Department's Property Tokenization Initiative. By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms, PRYPCO Mint is setting new standards for market accessibility. As the platform expands its projects and partnerships, it is helping to shape a future where tokenized assets are expected to become a central part of Dubai's property market by 2033. Amid this momentum, Dubai Land Department invites interested individuals to register early and set up their accounts to take advantage of upcoming offerings before they sell out, unlocking investment opportunities in one of the world's most dynamic and innovative real estate destinations.
