Shares of Ambitions Enterprise Management (AHMA), a Dubai-based tour operator and travel agency, climbed in their NASDAQ debut today – Tuesday, Oct, 21, 2025 – touching $5.40 after opening flat with their $4.00 IPO price. Ambitions Enterprise Management’s (AHMA) stock closed at $4.65 – up 65 cents from its IPO price for a 16.25 percent gain in its first day of trading – on NASDAQ volume of 2,889,377 shares – on Tuesday, Oct. 21, 2025.
Ambitions Enterprise Management Co. (AHMA) priced its small-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 1.5 million shares – the number of shares in the prospectus – on Monday night, Oct. 20, 2025. At pricing, the company had a market cap of $118 million.
AC Sunshine Securities and Univest Securities were the joint book-runners.
The profitable company provides travel services in the United Arab Emirates (UAE) as well as in Jordan, Qatar, Bahrain, Kuwait, Saudi Arabia and Oman, according to the prospectus.
Ambitions Enterprise Management also offers event planning and management services, along with its “one-stop tourism and travel” service business in the UAE and adjacent countries.
For the year that ended Dec. 31, 2024, Ambitions Enterprise Management reported net income of $1 million on revenue of $18.54 million.