Rasan sets TASI IPO price range at SAR 35-37/shareRasan sets TASI IPO price range at SAR 35-37/shareRasan sets TASI IPO price range at SAR 35-37/shareRasan sets TASI IPO price range at SAR 35-37/share

Logo of Rasan Information Technology Co.

Rasan Information Technology Co. set the price range for its initial public offering (IPO) on the main market (TASI) between SAR 35-37 a share, according to a statement on its official X account.

 

The final offer price will be determined after the book-building process, which starts today, May 12, and runs until May 16, it said.

 

For More IPOs

 

The company floated 22.74 million shares, or 30% of its post-IPO share capital (32.3% of pre-IPO capital), on TASI, at a nominal value of SAR 1 per share. It plans to sell 17.44 million of the selling shareholders’ share capital and issue 5.3 million new shares, data available to Argaam showed.

 

In March, the Capital Market Authority (CMA) approved Rasan’s application to list and offer its shares on TASI.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Rasan issues prospectus to float 22.74M shares on TASI
Rasan Information Technology gets CMA nod to offer 22.7M shares on TASI

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request