Dubai Taxi Corporation, a subsidiary of the Roads and Transport Authority (RTA), is the leading provider of taxi services in Dubai. It plays a pivotal role in Dubai’s transport network, offering a wide range of services including standard taxis, airport transfers, and special services for people of determination. The company has embraced innovation, introducing electric and hybrid taxis into its fleet, aligning with Dubai’s vision of sustainable and smart transportation. In 2023, Dubai Taxi Corporation announced its plans to go public with an IPO on the Dubai Financial Market (DFM), aiming to raise $315 million. This IPO will give investors a chance to participate in the growth of Dubai’s transport sector, which continues to expand alongside the city’s rapid development.
The Dubai Taxi Corporation IPO is expected to attract interest from investors looking for exposure to Dubai’s growing urban transport infrastructure. With the company’s strong backing from the government and its role in the city’s ambitious transportation plans, this IPO presents an exciting opportunity for those looking to invest in Dubai’s future.
IPOs are risky investments. If you want to invest in one, make sure you are well-informed.
If you would like to take a step back and read about how to buy shares online, click here.
Top broker for buying Dubai Taxi Corporation shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular investment platform in the UAE, offering access to IPOs with a simple and user-friendly interface. It allows investors to participate in newly listed companies with fractional shares, making it accessible to those with smaller capital. The platform provides access to global markets, making it a convenient option for UAE investors interested in diversifying their portfolios with IPO investments.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fees for trading Dubai Taxi Corporation stocks
Let’s take a look at the fees for trading Dubai Taxi Corporation shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Dubai Taxi Corporation shares.
Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade, or $0.005/share. Needless to say, these are different at each broker.
Let’s see the fees of trading with Dubai Taxi Corporation shares at our recommended broker eToro.
| Fee Type | Amount | Details |
|---|---|---|
| Commission on Stocks | $0.00 | No commission for buying non-leveraged stocks, including IPOs |
| Spread (CFDs) | Varies | Charged based on the difference between buy/sell prices |
| Currency Conversion Fee | 0.5% | Applied to non-USD deposits/withdrawals |
| Withdrawal Fee | $5 per withdrawal | Fixed fee for each withdrawal from the account |
| Inactivity Fee | $10/month | Applied after 12 months of inactivity |
| Overnight/Weekend Fees | Varies (x3 on weekends) | Charged on open CFD positions |
Conclusion
In conclusion, you can purchase Dubai Taxi Corporation stock once trading begins. Here are four simple steps to follow:
- Choose a broker
- Set up your account
- Add funds to the account
- Purchase the stock
Although it may seem complicated, just break it down into manageable steps. Keep in mind that opening and funding an account can take some time, so it’s smart to plan ahead if you want to trade Dubai Taxi Corporation shares on the first day.
For more information on IPOs, take a look at our article on IPO investing.
If you’re still uncertain, try our broker selector tool to help you choose the right online broker for your needs.