The utility's shares rose to 2.98 dirhams ($0.8114) in early trade, up from the IPO price of 2.48 dirhams per share.
(This story has been refilled to correct Reuters instrument code to DEWAA.DU, not DEWA.DU)
($1 = 3.6726 UAE dirham)
(Reporting by Hadeel Al Sayegh; Editing by David Goodman)