Middle East grocery chain Lulu Retail sill start trading on the Abu Dhabi bourse on November 14.

Lulu Retail Holdings—a Middle East hypermarket chain founded by Indian billionaire M.A. Yusuff Ali—plans to raise up to 5.3 billion dirhams ($1.4 billion) in what will be the United Arab Emirates’ biggest IPO this year.

The company announced late Monday that it will offer the by selling 2.58 billion shares (or 25% of the company) at between 1.94 and 2.04 dirhams per share. Based on the price range, Lulu Retail with a market capitalization between 20 billion........

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