Lulu Group International is a renowned retail giant based in the UAE, known for its chain of hypermarkets and supermarkets across the Middle East, Asia, and beyond. Founded by Yusuff Ali M.A., Lulu Group has become a household name, offering a wide range of products including groceries, electronics, apparel, and more. With a presence in over 22 countries, Lulu Group has cemented itself as a leader in the retail sector, catering to millions of customers. The company has also diversified into real estate and hospitality, making it a multi-faceted business powerhouse. In 2024, Lulu Group International is expected to launch its IPO on the Abu Dhabi Securities Exchange (ADX), with an anticipated raise of $2 billion. This IPO will provide investors with the opportunity to invest in one of the most successful and fastest-growing retail chains in the region.
Lulu Group’s IPO is expected to generate significant interest due to its dominant market position and ambitious expansion plans. With the retail industry continuing to grow, especially in emerging markets, Lulu Group is well-positioned for long-term growth. For investors looking to gain exposure to the thriving retail and FMCG sector, this IPO presents an exciting opportunity.
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 Lulu Group International shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
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.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Fees for trading Lulu Group International stocks
Let’s take a look at the fees for trading Lulu Group International shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Lulu Group 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 Lulu Group International 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 Lulu Group International 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 Lulu Group 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.