Spinneys 1961 Holding PLC (Ticker: SPINNEYS UH) is a grocery retail supermarket operator based in Dubai. Spinneys will list on May 9 on the Dubai Financial Market. The firm is selling a total of 900 million shares, with 63 million allocated for the retail tranche and 837 million for professional investors. This is an adjustment from the initially planned 45 million for retail and 855 million for professional investors. The shares are priced between 1.42 and 1.53 dirhams, aiming to raise up to 1.37 billion dirhams (approximately USD 373 million).

The IPO is managed by EFG-Hermes as the Joint Lead Manager-Books, with Bank of America, Emirates NBD PJSC, and HSBC serving as Global Coordinators. The expected market capitalization and the total offer size in USD are not specified.