Radhika Parashar
- The IPO fund was launched in 2022
- It was intended to only catered to institutional investors
- Now it looks to allow retail investors to get access to investing in public firms
The Daman UAE IPO Fund, based in Dubai, is looking to shift its focus from institutional investors to retail ones. The platform has announced that small scale investors can now purchase a subscription for AED 1,000 and start investing in the IPO markets of UAE and other international locations.
The IPO fund was launched in 2022 by Daman Investments PSC aiming to cater specifically to qualified, institutional investors. Owing to the growth in UAE’s IPO market, however, the company now wishes to help onboard retail investors onto its ecosystem as well.
The announcement confirming the development on Tuesday, September 23 claimed that the UAE IPO market, over the last four years, has managed to raise $28.8 billion in proceeds through listings on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). The growth this market has clocked is what nudged the platform to open access to investing in public companies for smaller investors as well.
Newsletter
Get weekly updates on the newest crypto stories, case studies and tips right in your mailbox.
“I am particularly proud to present our UAE and regional markets to the retail investor. We launched Daman 27 years ago on the back of our belief in our equity markets and extending it to retail investors is a natural progression of this long-term mission of Daman,” Shehab Gargash, the Founder and Chairman of Daman Investments said in his statement obtained by CoinHeadlines.
Retail investors could use this service to diversify their portfolios through a carefully managed basket of opportunities, company CEO, Ahmed Khizer Khan noted. Those looking to gain access to the Daman UAE IPO Fund can open an account directly on the platform or can choose to enter the ecosystem via select partner banks.
In 2025, the Middle East and North America (MENA) region clocked 28 listings raising $4.9 billion. This represented a 29 percent increase in proceeds compared to the first half of 2024.
Landmark IPOs registered in recent times include as DEWA, Americana, ADNOC Gas, Salik, Empower, and TECOM — that managed to attract record levels of oversubscription and investor demand. The key listing were initiated in Saudi Arabia and the UAE, including Umm Al Qura, Dubai Residential REIT, Flynas, and Almoosa Health.
