Union Coop is one of the largest consumer cooperatives in the UAE, known for providing a wide range of high-quality products, including groceries, electronics, and household goods. With a focus on offering affordable prices and promoting social responsibility, Union Coop operates multiple hypermarkets and supermarkets across the UAE. The cooperative is deeply rooted in the community, aiming to improve the standard of living for its members and customers by offering exceptional value. In 2022, Union Coop went public with an IPO on the Dubai Financial Market (DFM), marking a significant milestone in its growth. The IPO generated significant interest due to the company’s strong market presence and long-standing reputation in the retail sector.
Union Coop’s IPO presents a unique investment opportunity for those looking to invest in the retail and consumer goods sector, which is essential to the UAE’s economy. With plans to expand its operations and introduce new services, Union Coop is well-positioned for long-term growth, offering investors stable returns in a high-demand industry.
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 Union Coop 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 Union Coop stocks
Let’s take a look at the fees for trading Union Coop shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Union Coop 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 Union Coop 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 Union Coop 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 Union Coop 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.