ADNOC Gas’s stakes have jumped to 2.8 dirhams ($0.7625), compared to 2.37 dirhams at its initial public offering (IPO), Reuters reported.

This indicates that ADNOC Gas’s shares have increased by about 18% over its listing price in the Abu Dhabi market debut on Tuesday.

ADNOC, stated-backed oil giant, had earlier this month increased about $2.5 billion through sales of roughly 5% of its gas business in an IPO.