Alpha Data, a UAE-based IT services firm, is set to price its initial public offering (IPO) in Abu Dhabi at the top of its planned range. This comes as the company benefits from a surge in interest in artificial intelligence. The IPO, which marks Abu Dhabi's first of the year, attracted orders totaling $20 billion, reflecting a strong appetite for listings in the Gulf region. The successful demand for Alpha Data's IPO underscores the ongoing trend of regional financial markets, with Saudi Arabia also vying for IPO dominance and Qatar actively seeking to attract global financial firms amid a $2.84 billion share sale.