Empower (Emirates Central Cooling Systems Corporation) is the largest district cooling services provider in the world, operating primarily in Dubai. The company plays a critical role in providing sustainable cooling solutions to residential, commercial, and industrial sectors across the UAE. With its vast network of cooling plants and extensive pipeline system, Empower is a key player in Dubai’s sustainable infrastructure initiatives, helping reduce the city’s carbon footprint. In 2022, Empower launched its IPO on the Dubai Financial Market (DFM), raising $724 million. The IPO attracted significant attention, given Empower’s dominant position in the district cooling industry and its alignment with Dubai’s vision for a sustainable future.
The Empower IPO provides investors with a unique opportunity to gain exposure to a growing sector that is essential for the future of urban development. As more cities across the world look for efficient cooling solutions, Empower is poised for further growth, making its stock an appealing option for those interested in sustainable infrastructure.
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 Empower 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 Empower stocks
Let’s take a look at the fees for trading Empower shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Empower 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 Empower 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 Empower 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 Empower 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.