National Union Consultants (NUC), an engineering, architecture and project management firm, floated 400,000 shares on the Libyan Stock Market on 11 June in the first new listing since the 2011 revolution.

The shares were priced at LD20.75 ($16.5) each, valuing the listing at LD8.3m ($6.6m). NUC has the smallest capitalisation of any company listed on the LSM, and no shares changed hands in the first day of trading.

NUC was established in 2007 and is part of National Union Holding (NUH), a government-owned company which also has a contracting arm. NUH was involved in developing a mixed-use real estate project, located in the Zawiyat Dahmani area of Tripoli, which was under construction as of early 2011 but had yet to resume work as of June 2012.

The listing is the first on the LSM since the uprising of 2011. The LSM reopened in mid-March 2012, with trading volumes so far remaining thin. 

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