Al Noor is the largest private healthcare firm in Abu Dhabi. It floated in the London Stock Exchange on Friday having priced at GBP5.75 per share piece. This valued the healthcare company at GBP672 million. The initial public offering (IPO) of the firm hints appetite hungry investors.

Originally, the healthcare provider from the oil-rich emirate, Al Noor set a price range of GBP5.25 to GBP7.25 per share. The said price range was for the sale of 32.9% stake in the company.

The move taken by Al Noor is signal of a pick-up in the IPO market at London. This was after the earlier debut of Partnership Assurance that specializes in sellin annuities to sick retirees.

Al Noor is following the footsteps of NMC Health which debut the London Stock Market last 2012. The company was established in 1985 with hospitals and medical centers in Oman and Abu Dhabi. The company generated net profit of US$60.5 million in 2012.