Borouge, a chemical company, raised US$2 billion in an IPO in Abu Dhabi, generating US$83 billion in orders

The primary oil company of the United Arab Emirates and Borealis raised US$2 billion in their chemicals joint venture's initial public offering, attracting US$83 billion in orders in the latest hint of robust demand for listings in the region.

The IPO of Borouge is Abu Dhabi's largest ever, and it follows a succession of major offerings from the UAE and Saudi Arabia, where markets have generally avoided the turbulence that ha....