ADNOC Logistics & Services IPO stake increased to 19%.

Abu Dhabi National Oil Co. announced a broader maritime and logistics IPO on Monday.

Reuters forecasts that ADNOC will offer 19% of ADNOC Logistics & Services (ADNOC L&S) in the IPO, up from 15%, raising $769 million at high pricing.

ADNOC said its stock would trade well after listing due to strong demand across all tranches.

The share price was 1.99 dirhams ($0.5420) to 2.01 dirhams on May 16. The offer price is May 25.

ADNOC’s second IPO this year, ADNOC L&S, was announced in March by Reuters.

Abu Dhabi-based ADNOC L&S exports crude oil, refined products, dry bulk, and LNG. In 2016, Abu Dhabi National Tanker, Petroleum Services, and Abu Dhabi Petroleum Ports Operating Co combined.